Areas Served: City of San Jose
The City of San Jose’s Revolving Loan Fund (RLF) offers small businesses loans for equipment, inventory, and/or working capital.
Small businesses located in San Jose are eligible for RLF loans in the $5,000 – $40,000 range.
The RLF was established to advance the economic development of San Jose by creating jobs, generating sales tax revenues and providing support to the small business community.
RLF funds are leveraged with private capital.
The Program is administered by the Office of Economic Development and will advise you on the necessary paperwork.
BENEFITS – Funds are available - No points - Competitive fixed rates - Help with the paperwork RLF ELIGIBILITY - Existing Businesses - Start ups - Business located in San Jose ELIGIBLE LOAN USES - Equipment - Inventory - Working capital - Business acquisition or expansion - Facilities equipment purchases - Other reasonable business uses NON-ELIGIBLE LOAN USES - Speculative investments - Shareholder loan repayments - Refinancing existing debt - Financing tax payments LOAN CHARACTERISTICS - Fully amortized from 3 5 years - Amounts from $5,000 to $40,000 - Fixed rates - Loan will subordinate to leverage with private capital
Contact InformationSan Jose Office of Economic Development
Address: 1290 Parkmoor Avenue
City: San Jose
State: California
Website:
http://www.sjeconomy.com/
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