Over the past 30 years, the Douglas County Revolving Loan Fund has loaned or granted more than $5 million to approximately 75 businesses. Through gap financing, incentive financing and equity enhancements for industrial projects, the Loan Fund has had a significant impact on the

Superior-Douglas County economy.

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Dependable repayments and interest have allowed the Loan Fund to revolve several times over. In the past two years alone, more than a dozen local companies have benefited from loans or lines of credit.

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The Development Association manages the Loan Fund for Douglas County. Among our responsibilities are ensuring that loan portfolio customers are current on loan payments, providing technical and financing assistance to new applicants, keeping loan and meeting records, and developing loan contracts, collateral security filings and other pertinent information related to the Loan Fund.