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Pulaski County revises revolving loan fund rules, allows limited refinancing
Summary
County staff presented proposed changes to the revolving loan fund and commissioners approved revising the policy to permit refinancing only in limited, case‑by‑case circumstances and to require specific safeguards; staff will draft the precise language and circulate it before program launch in January.
Nathan, presenting the proposed revisions to Pulaski County’s revolving loan fund, asked the board whether refinancing of existing loans should be permitted. He said the program historically did not allow refinancing and that the intent of the fund is to help borrowers reach bankability rather than provide cheaper long‑term capital.
Nathan proposed…
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