These are municipal or state pool of funds that capitalize a loan fund. These are managed by the municipal or state government. Loan Repayments recapitalize the funds, which allow for additional lending to continue.
There are several entities that can provide revolving funds, such as third party lenders. Government sponsored RLF (Revolving Loan Funds) often offer low interest rates and/or flexible terms and focus on financing the cost of energy upgrades.
Interest rates for RLFs are either set by using the programs funds to bring down the interest rate to more attractive levels or by pegging the rate to their particular borrowing rate. Most loan terms are under 10 years.
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