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IA
Bi-State Revolving Loan Fund
Below-market gap financing for businesses creating jobs in the Quad Cities region.
About this program
The Bi-State Revolving Loan Fund provides below-market-rate loans to fill permanent financing gaps and leverage private investment for businesses that create new jobs. Davenport economic development sources describe the fund as job-creation based, with lending tied to jobs created.
Eligibility
Businesses in the Bi-State region, including Davenport, that create jobs and need gap financing.
Requirements
- Coordinate with Bi-State Regional Commission or Davenport economic development staff
- Demonstrate financing gap, private leverage, and job creation
- Complete underwriting, loan approval, and reporting requirements