GRANTS AND LOANS
The North Central Alabama Regional Council of Governments (NARCOG) provides technical assistance to local governments in the preparation and submission of grant applications and the management of grants. Grant programs on which staff assists include grants from the Appalachian Regional Commission ( ARC ), Economic Development Administration ( EDA ), Community Development Block Grant ( CDBG ), Land and Water Conservation Fund ( LWCF ), Recreational Trails Program ( RTP ) and other programs. The staff works with local governments in studying the feasibility of project ideas and the development of these ideas into fundable projects.
REVOLVING LOAN FUND
NARCOG operates a Revolving Loan Fund ( RLF ) for the purpose of providing gap financing for businesses that are financially healthy and growing but cannot obtain adequate financing to complete an expansion or start-up project. The RLF Program participates with private lenders in approving loans that a bank might not ordinarily consider on their own. The Program makes good projects better by filling in a missing piece of the project financing.
USE OF FUNDS