The Revolving Loan Fund (RLF) provides financing needed by small and medium sized businesses engaged in source reduction and recycling activities in Alameda County. The RLF can be combined with other financing sources, and often provides the leverage needed to obtain larger funds and loans from other organizations.
Eligibility
To be eligible, a company must:
- Be located in Alameda County or neighboring counties or relocating to Alameda County
- Divert waste from Alameda County landfills
- Have the ability to repay the loan
- Have a minimum of 5% owner investment
General Lending Guidelines:
The guidelines below provide fairness and equity in the RLF’s lending while, at the same time, providing flexibility for potential borrowers to qualify for assistance from the program.
Please contact us today to get your loan application started.
- Location: Alameda County businesses, or business located in the counties of Contra Costa, San Francisco, Santa Clara, San Mateo, San Joaquin or Stanislaus and diverting materials from Alameda County landfills.
- Tonnage Diverted: No minimum amount required.
- Loan Term: 0-60 months.
- Equipment loans can be amortized to the useful life of the equipment being purchased, not exceeding ten years.
- Working capital loans can be amortized over a seven year period.
- Real estate loans can be amortized over a twenty year period.
- Interest Rate: 5% or risk-based rate not to exceed 10%
- Loan Minimum: $50,000
- Loan Maximum: Current maximum is $240,000
- Business History: Funds are available for start-up businesses as well as for businesses wishing to expand.
See some of our Revolving Loan Fund Success Stories
For more information please contact Meri Soll at 510-891-6500 or via e-mail at msoll@stopwaste.org.
Click here to download a brochure PDF.
