Definitions for "Revolving loan fund"
Keywords:  rlf, cdlf, mdash, brownfields, artisans
A local loan fund that is usually controlled by a quasi-public or nonprofit organization involved in local economic development. Often initially capitalized through federal or state grants, RLFs are used to provide low-cost financing to local businesses. Once existing capital is loaned out, subsequent loan repayments are then "revolved" to other businesses.
A pool of money set up to make loans. The pool is replenished through borrower paybacks.
a capital fund established to make loans whereby principal repayments of loans are re-paid into the fund and re-lent to other borrowers