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RAEDI Revolving Loan Fund
RAEDI provides gap financing for eligible Rochester-area business expansion, startup, and retention projects.
About this program
Rochester Area Economic Development, Inc. administers revolving loan financing for businesses in the Rochester area that need gap financing for growth, startup, expansion, or retention projects. The fund can support eligible fixed assets, equipment, working capital, and real estate-related costs that create or retain jobs and strengthen the local economy.
Eligibility
Businesses with eligible projects in Rochester or the Rochester area that create or retain jobs and need gap financing may apply through RAEDI.
Requirements
- Project must be located in Rochester or the RAEDI service area.
- Applicant must demonstrate a financing gap after private financing and owner equity.
- Project must support business startup, expansion, retention, or job creation.