Revolving Loan Fund – The Revolving Loan Fund (RLF) is a permanent loan program administered by the Town of Gorham, which provides direct loans to Gorham businesses. These loans help address financing needs that aren’t met through conventional sources of financing from banks and other financial institutions. The maximum amount loan allowed is $150,000.
Eligibility: The fund is available to businesses with less than 50 employees or sales of less than $5 million in the most recently reported year. The GEDC is actively working on revising aspects of the RLF program, in particular simplifying the process to expedite review/approval of loans under $10K. Please contact Kevin Jensen for further details.