Common Wealth Revolving Loan Fund (CWRLF), founded in 1987, is a non-profit
community development financial institution whose purpose is to lend money to
employee-owned companies or co-ops for expansion, facilities, machinery and
equipment, vehicles, and working capital or for employee-buyouts. CWRLF serves
borrowers located in Ohio and the nearby areas of contiguous states. The OEOC
has been administering the Loan Fund since 2004.
Currently, CWRLF can make direct loans to borrowers for amounts up to $80,000
and, with our partners, a single borrower can obtain loans for amounts up to a
total of $500,000. As the size of the Loan Fund grows, these loan limits will
increase.
Loan interest rates will be competitive and, most likely, advantageous to
borrowers. |
Select Machine Loan Closing
CWRLF is funded through Social Investment Notes with loans made at below market
rates by individuals, corporations, foundations, and religious organizations,
and is a member of the National Association of Community Development Loan
Funds.
CWRLF loans to democratically owned and managed for-profit businesses, such as
cooperatives or ESOPs, and to nonprofit community based groups for projects or
facilities.
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