Financial Resources


Regional Revolving Loan Fund

SEIRPC administers a regional revolving loan fund (RLF) available to qualified businesses in Lee County. The RLF assists eligible businesses in retaining and creating private sector job opportunities. Approved applications may acquire funds for initial loans, or for loans to buy down the principal or interest on commercial loans. The maximum loan is $125,000, at lower than conventional interest rates.


Keokuk Revolving Loan Fund

The Keokuk RLF provides low interest loans up to $25,000 for gap financing to qualifying individuals, partnerships, or corporations that want to start a new business in Keokuk. The RLF is a community financing tool used to encourage small business development and entrepreneurship, and is administered through the SEIRPC. Funds are used in conjunction with local lenders to serve as gap financing for proposals and the lender serves as the primary source of funding. 


Eligibility is based on the following:

Startup or expanding business in the city limits
Applicant must be creating or retaining jobs
Applicant must demonstrate the need for gap financing or local match funding
Applicant proposal will support and enhance the local economy
Financial Assistance:
Maximum loan award - $25,000
Cost per Job - $10,000
5-7 year term on fixed asset loans
10 year maximum on real property loans
Competitive interest rates
Loan closing fee of $250


RLF Brochure

SEIRPC RLF APP (2014).doc

Keokuk RLF Application (2014).doc


Lee County MicroLoan Program


The Lee County MicroLoan Program was created to provide an alternative source of credit and technical assistance for those businesses and entrepreneurs who have promising and workable business plans but may have difficulty securing a loan from conventional sources. The purpose of this program is to provide extra technical assistance and alternative credit to help Lee County residents realize their goal of achieving business success when there is a solid idea, team, and commitment to make the enterprise work.


Lee County MicroLoan was created to provide an alternative source of credit and technical assistance for those microbusinesses and entrepreneurs who have promising and workable business plans but may have difficulty securing a loan from conventional sources. The purpose of this program is to provide extra technical assistance and alternative credit to help Lee County residents realize their goal of achieving business success when there is a solid idea, team, and commitment to make the enterprise work.
Lee County MicroLoan was created to provide an alternative source of credit and technical assistance for those microbusinesses and entrepreneurs who have promising and workable business plans but may have difficulty securing a loan from conventional sources. The purpose of this program is to provide extra technical assistance and alternative credit to help Lee County residents realize their goal of achieving business success when there is a solid idea, team, and commitment to make the enterprise work.
Lee County MicroLoan was created to provide an alternative source of credit and technical assistance for those microbusinesses and entrepreneurs who have promising and workable business plans but may have difficulty securing a loan from conventional sources. The purpose of this program is to provide extra technical assistance and alternative credit to help Lee County residents realize their goal of achieving business success when there is a solid idea, team, and commitment to make the enterprise work.
Lee County MicroLoan was created to provide an alternative source of credit and technical assistance for those microbusinesses and entrepreneurs who have promising and workable business plans but may have difficulty securing a loan from conventional sources. The purpose of this program is to provide extra technical assistance and alternative credit to help Lee County residents realize their goal of achieving business success when there is a solid idea, team, and commitment to make the enterprise work.

Lee County MicroLoan was created to provide an alternative source of credit and technical assistance for those microbusinesses and entrepreneurs who have promising and workable business plans but may have difficulty securing a loan from conventional sources. The purpose of this program is to provide extra technical assistance and alternative credit to help Lee County residents realize their goal of achieving business success when there is a solid idea, team, and commitment to make the enterprise work. 

Keokuk Area Chamber of Commerce
511 Blondeau Street, Suite 3
Keokuk, IA 52632
319.524.5055
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