revolving-loan fund - Investment & Finance Definition
A fund that is structured so that repayments can be used to make more loans. The term is used interchangeably with a Community Develop- ment Loan Fund, which is a non-profit loan fund that receives public money and gives loans for housing and small business needs. However, revolving-loan funds have a much wider scope than the Community Development Loan Fund, and may fund larger-scale community development projects. A revolving-loan fund can be administered by a non-profit organization or a public agency, and is not overseen by any regulatory agency.