City of Bristol “Forgivable” Revolving Loan Fund
Community Investment Corporation has partnered with the City of Bristol to offer a Forgivable Revolving Loan Fund, which encourages small business growth to help create/retain jobs, stimulate commercial property improvements, encourage businesses located outside Bristol to open in the City and help existing Bristol businesses grow.
The Loan Fund offers a competitive interest rate, flexible loan terms, and a “forgiveness” component: If the business makes monthly payments in full and on time to achieve 50% loan payback – and continues to conduct business in Bristol for a minimum of 10 years following the loan closing – the remaining 50% principal loan balance is forgiven.
Review the Bristol Revolving Loan Guidelines here and click the button below to fill out the pre-application form.