Areas Served: Del Norte county
Micro Enterprise Loans are funded by the California Department of Housing and Community Development and distributed through the Community Development Block Grant program.
These low interest loans are capped at $25,000. Applicants must meet the Target Income Group restriction must earn 80% or less of the median family income for Del Norte County.
Examples of eligible costs these funds may be used for include, but are not limited to: – Operating capital to pay staff and lease space or purchase inventory – Purchasing of furniture, fixtures, and equipment – Rehabilitation of leased space or owned buildings (including engineering and architectural and local permits or fees) – Purchasing of manufacturing equipment (with or without installation costs) – Refinancing of existing business debt when provided in conjunction with financing other eligible costs
Contact InformationCalifornia Department of Housing and Community Development
Address: 1800 Third Street
City: Sacramento
State: California
Website:
http://www.tri-agency.org/microLoans.html
Leave a Reply