EDA Cares Act RLF

Economic Development Administration Cares Act Revolving Loan Fund

The EDA Cares Act Revolving Loan Fund supplies up to $500,000 and targets small businesses and revenue generating nonprofits impacted by the COVID-19 pandemic located in Cedar, Clinton, Delaware, Dubuque, and Jackson Counties.

Eligible Projects

Fixed-asset acquisition or expansion including:

• Purchase of land and/or construction of new buildings
• Purchase and/or renovation of existing buildings
• Acquisition/installation of machinery or equipment
• Financing of working capital in special situations


• Low down payment - as little as 10%. Allows the small business owner to preserve critical working capital

• Flexible term - flexible, 5-20 years depending on loan purpose

• Low interest rate available!

Lending Parameters

• $500,000 Maximum loan size

• 1.5% processing fee and legal costs, no servicing fee

• Collateral required, lien position may be subordinated to private lender

• Personal Guarantee usually required, other security as necessary

Click Here to Download Loan Application

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