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A bureau within the U.S. Department of Commerce
Funding Opportunities Background

Success Stories

Small Business Development/RLF

Economic Development Districts, Small Business/RLF

Mid-Columbia Economic Development District Gives Small Businesses a Boost with Revolving Loan Fund

For new entrepreneurs and growing small businesses looking to expand, getting a loan to do so can sometimes be challenging.

July 2017

Giti Tire Logo

Small Business Development/RLF

Kansas’ Thunder Struck Inc., Expands Thanks to EDA Revolving Loan Fund Program

Thunder Struck, Inc. needed a large facility to expand its business – and they found it in Abilene, Kansas, in the former Duckwall-Alco Corporate offices and warehouse. The business started operating at the new location in October 2015.

May 2017

White Oak Pastures

Small Business Development/RLF

PeopleFund Expansion Empowers Small Businesses to Grow in Texas

In order to continue the revitalization of East Austin through their support for entrepreneurs and small businesses, the PeopleFund, a nonprofit lender in Texas, needed to establish a headquarters building in its target market, the heart of Central-East Austin.

April 2017

White Oak Pastures

Innovation & Entrepreneurship, Small Business Development/RLF

EDA Revolving Loan Fund Critical to the Success of Cedar Rapid’s Geonetric

Geonetric, based in Cedar Rapids, Iowa, provides hospitals, health systems, and medical groups with the healthcare-specific content management systems they need to be optimized to respond to the unique needs of the healthcare industry.

March 2017

Cedar Rapids, Iowa based Geonetric

Small Business Development/RLF

The River Valley Regional Commission Revolving Loan Fund Success

The River Valley Regional Commission through its Economic Development Revolving Loan Fund assisted a local business, White Oak Pastures with financing to purchase and renovate a building in Bluffton, GA.

February 2017

White Oak Pastures

Small Business Development/RLF

Trinity Hotel, Carlsbad, New Mexico

In Carlsbad, New Mexico some local developers saw opportunity in an old, historic bank building. This fantastic old building was opened as the community’s First National Bank in January of 1891 during Carlsbad’s pioneer days to accommodate the new town’s growing agricultural & business community and has a rich history.

June 2016

Trinity Hotel in Carlsbad, NM

Small Business Development/RLF

Kreinik Manufacturing Company, Parkersburg, West Virginia

The entire economy in the small town of Parkersburg, West Virginia is built on small businesses. Kreinik Manufacturing Company creates small textile embellishments and decorations. Demand was growing for these expertly crafted items, and the owners needed some new spooling equipment and computer upgrades to meet demand.

June 2016

Kreinik Manufacturing Company, Parkersburg, West Virginia

Small Business Development/RLF

Innovative Senior Solutions, Cordele, Georgia

In September 2010, two registered nurses, Eshonda Blue and Jessica Wright, approached the River Valley Area Development Corporation for financing of an Adult Day Care Home (ADCH) to be located in Cordele, Georgia. Innovative Senior Solutions (ISS) received an $18,750.00 loan through the EDA Revolving Loan Fund (RLF) and the company injected $6,250.00.

June 2016

Eshonda Blue and Jessica Wright

Small Business Development/RLF

Beachy Cream Organic Ice Cream, Santa Monica, California

Beachy Cream Ice Cream is a Santa Monica, California-based organic ice cream brand with a retro vibe. The founders started off in farmer’s markets and a small store front.

June 2016

Beach Cream Ice Cream package

Small Business Development/RLF

Hardware Hank, Ortonville, Minnesota

Bob and Sue Kulbeik wanted to open a hardware store in their town of Ortonville, Minnesota but lacked the capital. They sought funding from the Upper Minnesota Valley Regional Development Commission and other lenders to get the business going. They received a $66,000 Revolving Loan Fund (RLF) and were able to open Hardware Hank, which provides products for painting, plumbing, electrical, and basic hardware. The business created 5 jobs in the community.

June 2016

Hardware Hank store front