Albion Revolving Loan Fund
The purpose of the Albion RLF is to promote job creation in the greater Albion area by making loans to new and expanding enterprises unable to obtain full financing from private and traditional lending sources. Funding can be used for working capital, fixed-asset financing, inventory, renovation of commercial and industrial developments, real estate improvements and access to start-up and construction financing.
The RLF is administered by the Albion Economic Development Corporation (AEDC). The Revolving Loan Fund Committee (RLF), including AEDC, Sheridan and Albion Township representatives, reviews all loan applications and approves loans up to $50,000. For loans over $50,000, the RLF Committee makes a recommendation to the AEDC Board of Directors, which has approval authority.
Revolving Loan Fund Guidelines (Downloadable PDF)