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Loan Administration Board

The Loan Administration Board's purpose is to approve loans and loan modifications for the U.S. Economic Development Administration's Revolving Loan Fund (RLF) and Downtown Revitalization Loan Fund.

The Economic Development Administration's RLF Program supplies small businesses and entrepreneurs with the gap financing needed to start or expand their business. EDA's regional offices award competitive grants to: Units of local government (like the City of Evansville); State governments; Institutions of higher education; public or private non-profit organizations; EDA-approved economic development district organizations; and Indian Tribes.

Each EDA-funded RLF sets its own underwriting and risk management policies, and determines interest rates, loan terms, and maximum assistance levels in accordance with its own policies, as well as the unique characteristics of each loan.

Board details

Past meetings and minutes