Revolving Loan Fund

Program

     The City of Keithsburg has a revolving loan program to offer for anyone purchasing and/or building a new busines within the city limits.The funds can be loaned at

3% interest and amortized over 5 years. 

 

The following is a list of few qualifications:  

1. must create and/or retain one job for every $20,000 borrowed

2. 51% of the permanent jobs created must be available to low and moderate income people

3. can only loan 50% of the total project

4. $300.00 application fee to cover legal fe