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INTERMEDIARY RELENTING PROGRAM (IRP)REVOLVING LOAN FUND AGREEMENT IRP Borrower Name (hereinafter called Intermediary): Central Economic Development Corporation Date of IRP Loan: Amount of IRP Loan:
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The intermediary relending program (IRP) is a program where funds are borrowed from a federal agency and lent to local businesses or individuals through intermediary lenders.
Intermediary lenders participating in the program are required to file intermediary relending program IRP.
Intermediary lenders must complete the IRP form provided by the federal agency and submit it by the deadline.
The purpose of intermediary relending program IRP is to provide access to capital for local businesses and individuals who may not qualify for traditional loans.
The IRP form typically requires information on the amount of funds borrowed, loan recipients, interest rates, and repayment terms.
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