---
kind: "section"
citation: "13 C.F.R. § 307.7"
title: "13"
number: "307.7"
heading: "Revolving Loan Fund award requirements."
url: "https://uscodex.org/cfr/13/307.7"
---

# §307.7. Revolving Loan Fund award requirements.

- (a) For Eligible Applicants seeking to capitalize or recapitalize an RLF, EDA will review applications for the following, as applicable:
  - (1) **Need for a new or expanded public financing tool to—**
    - (i) Enhance other business assistance programs and services targeting economic sectors and locations described in the CEDS; or
    - (ii) Provide appropriate support for post-disaster economic recovery efforts in Presidentially Declared Disaster areas;
  - (2) Types of financing activities anticipated; and
  - (3) Capacity of the RLF organization to manage lending activities, create networks between the business community and other financial providers, and implement the CEDS.
- (b) RLF Grants shall comply with the requirements set forth in this part, as well as relevant provisions of parts [300](/cfr/13/part300.md) through [303](/cfr/13/part303.md), 305, and 314 of this chapter and in the following publications:
  - (1) EDA's RLF Standard Terms and Conditions; and
  - (2) The Compliance Supplement, which is appendix XI to [2 CFR part 200](/cfr/2/part200.md) and is available on the OMB Web site at https://www.whitehouse.gov/omb/circulars_default.

## Notes

### Amendments

[79 FR 76133, Dec. 19, 2014, as amended at 82 FR 57055, Dec. 1, 2017]

### Authority

Authority: 42 U.S.C. 3211; 42 U.S.C. 3149; 42 U.S.C. 3161; 42 U.S.C. 3162; 42 U.S.C. 3233; Department of Commerce Organization Order 10-4.

### Source

Source: 71 FR 56675, Sept. 27, 2006, unless otherwise noted.

### Amendments

[79 FR 76133, Dec. 19, 2014, as amended at 82 FR 57055, Dec. 1, 2017]