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Revolving Loan Fund (RLF)

The Georgia Mountains Regional Commission Revolving Loan Fund (RLF) can make loans to companies for purposes that include: acquisition and improvement of real estate; the purchase of machinery; equipment or inventory; and working capital. Terms and conditions will vary with each loan application and are based on a review of the collateral, finances, and market risk associated with each request. 


Eligibility Requirements

Revolving Loan Fund Program monies are available to businesses of all sizes that are located in the following counties: Banks, Dawson, Franklin, Habersham, Hall, Hart, Lumpkin, Rabun, Stephens ,White, Towns and Union.


  • Applicant must attempt to secure conventional financing before applying. Must show proof of denial from conventional financier

  • The GMRC RLF Program can provide 100% financing with collateral  approved by loan committee

  • Funds can  be used for gap financing when a bank is the first lien holder

  • Owner must have a 10% equity stake in the project

  • Applicant generally to provide one (1) job for each $15,000 borrowed.


Loan Amounts and Criteria

The minimum loan amount is $10,000 and the maximum is $300,000. Borrowers are eligible for GMRC RLF financing only when credit is not otherwise available.


Terms and Conditions

In general, loan terms for fixed asset loans will be up to 20 years and working capital up to two (2) years.  Dollar for dollar collateral is required. Interest rates are fixed and are at or close to prime.


Loan Application Review and Approval

After receiving an application and other required documentation, the Regional Commission Economic Development Director will forward the loan packet to the GMRC Revolving Loan Program Committee for their review.


Revolving Loan Fund Application

Revolving Loan Fund Brochure 


The RLF operates to help expand the region’s economy through the creation and retention of jobs.  The program is a local economic development initiative.  All decisions are made by the GMRC Loan Program, Inc., which is representative of the region.

GMRC Revolving Loan Fund (RLF) Plan 2023 - Adopted October 26, 2023 

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