Revolving Loan Fund

Supporting New and Early Stage Businesses with Flexible Funding

The Revolving Loan Fund (RLF) is designed to provide ongoing support for small businesses by offering a continuous pool of capital that can be lent and repaid, creating a "revolving" cycle of funds. Unlike traditional loans with a fixed amount, a revolving loan fund replenishes as loans are repaid, making it a sustainable resource for multiple businesses over time. This flexibility allows small businesses to access much-needed capital for various purposes such as expansion, equipment purchase, or working capital.

Since the program began in 2002, the fund has offered over $5.6M in loans to 30 different businesses.

How Is This Loan Program Different From Other Programs And Banks?

The RLF draws on traditional public financing sources — including state, federal, and Small Business Administration funding — to provide a foundational level of support for local projects. While those programs are valuable, they can also be highly competitive and come with complex eligibility requirements that impose rigid, one-size-fits-all demands on borrowers.

Centre County recognized that local businesses needed a more flexible alternative. The RLF was designed specifically to fill that gap by offering:

Freedom from overly stringent rules and regulations
Flexibility tailored to the unique needs of your business
Mentorship and technical assistance from experienced community members
Bridge and gap financing that traditional banks are often unable to provide

Revolving Loan Fund Spotlight Abington Equine Hospital, Port Matilda

Through the RLF, Abington Equine Hospital, a full-service veterinary hospital specializing in equine was able to access early-stage funding that traditional lenders couldn’t provide at the time. That investment gave them the runway to build a loyal client base, expand their capabilities, and create jobs while delivering exceptional care to the region’s horse owners.

Now, as a thriving and self-sustaining business, Abington Equine's vision for the future includes expanding services, continuing to invest in the region’s agricultural and veterinary industries, and providing education and training to future equine veterinarians.

“The support we received from the Revolving Loan Fund was transformative for us. It allowed us to grow at a pace that met the needs of the area and our patients, all while planning for the future and setting up successful business practices.”

-Catherine Radtke, DVM, PhD, Owner of Abington Equine Hospital

Want to Learn More About the RLF?

For fund guidelines and details, contact CBICC VP of Economic Development Todd Dolbin.

Email Todd