Monthly Archives: March 2012

Business Incentive Programs

Revolving Loan Fund

The Burwell Economic Development Revolving Loan Fund Program was developed by the Burwell Economic Development Board of Directors in 2005. Money in this fund is used solely for low-interest loans and loan guarantees. The Revolving Loan Fund provides a blended loan at lower than market interest rates for any eligible business in the Burwell area. While not meant to restrict the scope of flexibility of the fund, applicants are given special priority if they; create one job for each $25,000 or less in public financing assistance, provide for the expansion or enhancement of existing businesses in Burwell or the surrounding area, new business starts, businesses that in the opinion of the loan committee have unusual potential for growth, businesses that are relocating from outside Nebraska, and/or businesses that provide for important local or regional needs. A Revolving Loan Fund Committee has been established by the city to review all requests for funding. For more information contact David Sawyer at 308-346-5210.