Areas Served: El Dorado, Placer, Nevada, Lassen, Plumas, Modoc, Sacramento, Sierra and Yolo Counties.
The Rural Revolving Loan Program USDA is designed to promote business enterprises that will hire or retain employees in rural areas in the California Counties of El Dorado, Placer, Nevada, Lassen, Plumas, Modoc, Sacramento, Sierra and Yolo.
Start Up business are eligible.
Uses of funds include Working Capital, Equipment purchase, Real Estate, Supplies/Inventory, Leasehold Improvements and business related purchases.
Qualified businesses must be located in an unincorporated area or in a city or town with population of 50,000 or less.
Loan Amount – $50,001 – $150,000*, up to 50% of the total project financing.
*$250,000 in some cases.
Maximum Term – Up to 30 years.
Interest Rate – Wall Street Journal Prime + 4% – 6%
Contact InformationSierra Economic Development Corporation
Address: 560 Wall Street, Suite F
City: Auburn
State: California
Website:
http://www.sedcorp.biz/content/business-financing
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