Catawba Regional Council of Governments, Lowcountry Council of Governments, Lower Savannah Council of Governments, and Santee-Lynches Council of Governments approached the EDA Atlanta Regional office to consider consolidation of four EDA revolving loan funds (RLF). EDA allowed the SC Revolving Loan Fund Collaboration to move forward, and Catawba Regional COG to assume the prior RLF grant awards made to Lowcountry, Lower Savannah, and Santee-Lynches COGs. Catawba Regional COG committed to market the RLF throughout the 18 counties of the four COGs, lowering operating costs for all of the organizations while retaining the financial capital for businesses. Combined loan portfolio performance has improved, and new loans have been committed in three of the four COG regions since consolidation occurred in March 2013.
Revolving Loan Fund Program News
Posted by admin on October 1, 2013