Revolving Loan Fund

Consolidated Cooperative can help you obtain low-interest business development loans to help your company and our community grow.

We can provide loans up to $99,000 for projects that are based on retaining or creating new jobs in our communities.

Businesses eligible for funding

  • Corporations
  • Partnerships
  • Sole Proprietorships
  • Cooperatives
  • Governmental entities (townships, municipalities, county, regional)
  • Non-profit entities
  • Tribunal authorities

Projects eligible for funding

  • Industrial/commercial development
  • Small business expansion
  • Small business startup
  • Business incubators
  • Community infrastructure
  • Community facilities
  • Medical facilities
  • Training/educational facilities
  • Tourism

Types of financing available

The revolving loan fund can provide up to 30% of the total amount of money needed for a project.

Financing is available for fixed assets, including land, buildings, manufacturing equipment, office equipment, or infrastructure improvements. Working capital financing is also available in limited amounts in conjunction with other fixed asset financing.

Repayment terms are based upon the type of financing obtained and can range from one to three years for working capital, and up to 10 years for building or real estate financing.

Loan application process

Consolidated Cooperative will accept and consider applications for loans from the revolving loan fund for projects that will significantly benefit rural areas, without restriction to Consolidated Cooperative’s service area or obtaining service from the cooperative.

  1. Pre-application

After contacting one of Consolidated’s business development specialists for details, you will be asked to complete a pre-application, which initiates the screening process to ensure your project complies with the program’s guidelines.

  1. Full application

Upon review of the pre-application, you will be asked to submit a full application for your project. Your application will be reviewed for general eligibility criteria and evaluated on the potential development impacts of the project.

To get started, contact one of Consolidated’s business development specialists:

Brad Ebersole (Delaware office)
(800) 421-5863

Dan Boysel (Mt. Gilead office)
(800) 421-5863