What is the Revolving Loan Fund?
The Revolving Loan Fund (RLF) is designed to help small businesses and community organizations in Oklahoma access affordable financing to grow and thrive.

How It Works: The fund is a resource for businesses needing capital for expansion, improvements, or other growth initiatives. As businesses repay their loans, the funds "revolve" back into the program, making them available for future borrowers.

Loan Purpose: The RLF supports a variety of projects, including but not limited to:

Start-up businesses

Expansion of existing businesses

Equipment or facility upgrades

Job creation and retention

Flexible Terms: The RLF offers low-interest rates and flexible repayment options to fit the needs of local businesses.

Why Choose the Revolving Loan Fund?

Affordable Financing: Low-interest loans that are often more accessible than traditional bank financing.

Boost Local Economy: Help revitalize communities and contribute to job growth.

Customized Solutions: Each loan is tailored to the specific needs of the business.

Support for Growth: Assistance with funding for expansions, renovations, and more.

Eligibility Requirements

Who Can Apply for the Revolving Loan Fund?

To be eligible, applicants must meet certain criteria, including:

Located in Woods County or surrounding areas within Northwest Oklahoma

For-profit businesses or community organizations

Demonstrated need for capital to support growth or job creation

Ability to repay the loan under the agreed terms

For more detailed eligibility requirements, please contact us!

How to Apply

Ready to Take the Next Step?

For more information on how the Revolving Loan Fund can support your business or project, please contact us today!

Contact Woods County Economic Development:

Phone: (580) 327-2150

Email: jzeller@nwtech.edu

Address: 1801 11 St. Alva, OK 73717