Growth Capital Program
Through the Growth Capital Program the RRCF purchases up to 25% of a commercial loan originated by a lender and subordinates our interest to the participating lending institution, thereby increasing a borrower's lending capability. The participating bank will service the loan as they normally would. A typical loan will be for real estate, equipment or working capital up to $1 million.
Crosby Community Enhancement Grant
The Community Enhancement Funds will provide resources to organizations and communities that are working to create, improve, and strengthen the quality of life by marketing & promotions and enhancing job development through the cultural, historical, recreational, educational, health/fitness and social/ethnic activities in our trade area.
Carrington Work Local Scholarship/Loan Repayment Program
The City of Carrington, through its Economic Development Fund, offers a Work Local Scholarship/Loan Repayment program to assist businesses in sponsoring youth from the community choosing to go to college or trade school, then returning to live and work in Carrington.
Carrington Commercial Building and Construction or Expansion Grant
The City of Carrington, through its Economic Development Fund, offers a Commercial Building Construction or Expansion Grant. This grant initiative is being undertaken to support the construction of new commercial buildings or the expansion of existing commercial buildings within city limits to encourage business growth.
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