Other Loans

The Loan Programs available in the 13 county area of Middle Tennessee are:

Revolving Loan Fund Program (RLF)

MADC administers the RLF Program, which is funded by the Economic Development Administration (EDA). It provides funding in partnership with Banks for businesses at below market interest rates.

Intermediary Relending Program (IRP)

MADC administers the IRP Program, which is funded by the USDA Rural Development, to provide funding for businesses at below market interest rates. Cities with populations of less than 25,000 or unincorporated areas are eligible for IRP loans.

Small Business Owner Advantages:

• Low Borrower Injection
• Below Market Fixed Interest Rates

Project Size:

• The Revolving Loan Program (RLF) maximum loan amount is $200,000.
• The Intermediary Relending Program (IRP) maximum loan amount is $250,000.

Maturity Terms:

• Machinery and Equipment -- Up to 7 Years
• Real Estate -- Up to 10 Years