Pennsylvania Revolving-Loan-Program-Program-Manual-Application-Form (1.2 MiB)
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FAQ
Revolving credit lets you borrow money up to a maximum credit limit, pay it back over time and borrow again as needed. Credit cards, home equity lines of credit and personal lines of credit are common types of revolving credit.
The First Industries Fund (FIF) is a program aimed at strengthening Pennsylvania's agriculture and tourism industries through loan guarantees.
Revolving loan funds (RLFs) use a source of capital, typically offered by a local or state government, to make direct loans to borrowers for clean energy projects. Proceeds from loan repayments flow back into the fund and become available to lend again.
: a fund set up for specified purposes with the proviso that repayments to the fund may be used again for these purposes.
Explanation. The revolving fund is established to carry out specific activities, and the primary advantage of this fund is it may be loaned or spent repeatedly. The basic idea behind that fund is a fund or money backup that remains available to finance organizations continuing activities.