The Town of Carrboro created its Revolving Loan Fund] in 1986 for projects that result in the creation or retention of jobs targeted specifically to low and moderate income persons.

Loans from the fund are made to private non-profit and for-profit firms for projects such as construction or renovation of a building, purchasing existing buildings, the acquisition of equipment, the extension of utilities or streets to new sites, parking lots, and inventory. Other potential projects are explored with applicants as long as it can be shown that new employees will be hired or employees who would otherwise lose their jobs will be retained.

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