Business Friendly Lending.
Ashland Area Development Corporation administers eight Revolving Loan Funds (RLF's) to assist businesses in Ashland County. RLF's provide potential funding, often referred to as gap financing, for projects that cannot meet all their financing needs in the private sector. These RLF's usually provide secondary financing in partnership with other local lenders and are designed to provide an incentive for businesses to locate and/or expand in Ashland County. RLF funding is quite often the final piece of the puzzle which allows a project to proceed.
Listed below are the 8 Revolving Loan Funds which are administered by Ashland Area Development Corporation
Ashland County (for a chart illustrating the County RLF process, click here)
Ashland Area Chamber of Commerce
City of Ashland (for a chart illustrating the City RLF process, click here)
Ashland Area Development Corp.
Ashland Area Economic Development
Town of Jacobs/Glidden
Ashland Area Enterprise Center
For your convenience, below are some of the financial documents that are part of a loan application.
Personal Financial Statement
Projected Balance Sheet
Projected Cash Flow Statement
Projected Income (Profit & Loss) Statement
Sources and Uses Table
Business Start-up or Expansion Financial Worksheet
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