Areas Served: City of Saginaw
The purpose of the Saginaw Economic Development Corporation Revolving Loan Fund (RLF) is to create permanent, long-term jobs within the City of Saginaw, Michigan by providing gap and start-up financing to qualified businesses for eligible activities.
Loans made through the Revolving Loan Fund are intended to help bridge the gap created by shortfalls in commercial financing.
Funds are repaid into the program and recycled to other businesses, thus allowing an ongoing job creation program.
Funds are available for businesses located in the City of Saginaw.
Loans up to $220,000 One full-time job must be created for every $35,000 borrowed
Contact InformationSaginaw Economic Development Corporation
Address: 1315 South Washington Ave.
City: Saginaw
State: Michigan
Website:
http://www.saginaw-mi.com/Departments/SEDC/index.php
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