Business Resources

Revolving Loan Fund Program

The Revolving Loan Fund (RLF) Program offers lending and technical assistance to small businesses in seven underserved census tracts in Richmond—3650.01, 3650.02, 3760, 3770, 3790, 3800, and 3810. These census tracts include the Iron Triangle, the Marina, some areas near Hilltop Mall, South Richmond, Parchester, and the City portion of North Richmond.

The City of Richmond plans to expand the RLF to include additional census tracts. An application for approval of the expansion is under review with the U.S. Department of Commerce Office of Economic Development Administration.
Who should apply?

Your business may be eligible for RLF loans if it:

  • Is in the program’s target areas
  • Plans to locate within the target areas
  • Will provide services or hire residents within the target areas
Types of Loans

The RLF provides four loan options to business owners:

  • Working capital—for the costs of business operations
  • Machinery/equipment—for the acquisition of machinery and equipment
  • Fixed assets—for leasehold improvements, renovation, expansion of a structure, or purchase of fixed assets
  • Facade improvements—for improving the exterior appearance of a business

Loan amounts range from a minimum of $5,000 to a maximum of $50,000. Loan applications are reviewed by the RLF Board.

Download an application here (133KB)

Revolving Loan Fund Target Areas
Revolving Loan Fund Map

The City of Richmond’s target areas include the following census tracts: 3650.01, 3650.02, 3671, 3760, 3770, 3790, 3800 & 3810.
  1. 1. Iron Triangle (3760 & 3770)
  2. 2. Marina (3800)
  3. 3. Areas near Hilltop Mall (3671)
  4. 4. South Richmond (3810 & 3790)
  5. 5. Parchester (3650.01)
  6. 6. City portion of North Richmond (3650.02)

All types of businesses have been helped by the RLF. RLF loans have been awarded to:

A Solid Foundation
Archie Held Studio
Alterations & Tailoring By Grace
Casa Chicas Food Manufacturing
Dhillon Chevron Gas Station
Felts Family Childcare
Jan-Pro Janitorial
Kenbella’s Restaurant
Name the Occasion Gift Baskets
Neighborhood House of North Richmond
R.E.N. Metal Salvage and Recycling
Taqueria Los Cerros
The Perinatal Council
VanHook Electric, Inc.
Silver Walker Studios
White Richardson, LLP
::SIDEBAR::