The Kerr-Tar Regional Council of Governments administers a Revolving Loan Fund (RLF) to assist existing businesses as well as new entrepreneurs in securing financing they are otherwise unable to secure through traditional channels. The primary goals of the RLF program are to create new jobs in the region, foster small business development, job retention, and improve the economic and environmental climate in rural communities throughout Franklin, Granville, Vance, Person, and Warren Counties. Preference is given to businesses that will add full-time skilled or semi-skilled positions.
The Kerr-Tar Regional Council of Governments RLF is jointly funded by the Economic Development Administration, the State of North Carolina, and the Kerr-Tar Regional Council of Governments. Some specific guidelines may apply. Loans are made for the purpose of creating or retaining jobs within the Kerr-Tar Region. The Revolving Loan Fund (RLF) can provide financing to purchase or develop land for industrial and commercial facilities, including new buildings, or the renovation of abandoned or unoccupied buildings. Financing is available for equipment purchases and working capital.