The Revolving Loan Fund (RLF) Program, administered by the Hidalgo Economic Development Corporation (HEDC) with funding provided in part by U.S. Departments of Agriculture as well as other private sources, provides local small and emerging businesses with monies to stimulate economic development. Funds are granted to local governments that, in turn, use the monies to provide loans to new and expanding businesses. Businesses, in return for use of the public funds, provide private investment towards the assisted activity and create job opportunities, principally for the benefit of low- and moderate-income persons.
The community then uses (or revolves) repaid loans to capitalize the local RLF program. With the RLF, additional loans are made to businesses that are expanding or locating in the community and willing to create jobs. When successfully administered, the RLF can provide a viable source of financing that fills the “gap” between the monies that are available through the private sector and the amount needed to complete a project. In making a RLF loan to a business, communities act like a “bank” and accept responsibilities comparable to a commercial lender.
Hidalgo Mcallen Reynosa Regional Center
The EB-5 visa provides a method of obtaining a green card for foreign nationals who invest money in the United States. To obtain the visa, individuals must invest $1,000,000 (or at least $500,000 in a Targeted Employment Area – high unemployment or rural area), creating or preserving at least 10 jobs for U.S. workers excluding the investor and their immediate family. Initially, under the first EB-5 program, the foreign investor was required to create an entirely new commercial enterprise; however, under the Pilot Program investments can be made directly in a job-generating commercial enterprise (new, or existing – “Troubled Business”), or into a “Regional Center” – a 3rd party-managed investment vehicle (private or public), which assumes the responsibility of creating the requisite jobs. Regional Centers may charge an administration fee for managing the investor’s investment.
If you are an investor looking for an EB-5 project or have a suitable project and are looking for investors. We will be happy to assist you in the process. We are a designated EB-5 Regional Center.
Private Loan Services
We will help you look for private funds from different sources such as People Fund.