Revolving Loan Fund

The Medina County RLF can fund up to 45% of a project’s fixed asset costs, with funding of up to $25,000 per job created or retained to a maximum of $500,000. If the RLF has an insufficient balance to fund the project, Medina County Economic Development Corporation (MCEDC) will cooperate with the expanding company to apply to the State of Ohio’s Community Development Block Grant – Economic Development Program for up to $500,000. Interest rates are fixed and can be negotiated; typical rates are in the 2-3% range.