Areas Served: Siskiyou County
CDBG is a Community Development Block Grant in which the proceeds for the loan originate.
The California State Department of Housing and Community Development (HCD) distributes and monitors programs funded by Federal Community Development Block Grant funds.
HCD distributes the funds to counties and cities to provide economic development within that jurisdiction.
The Siskiyou County Economic Development Council (EDC) helps the county and cities with the administration of the loans.
The loans are for business expansion and start-up projects in Siskiyou County, California.
They typically have terms which allow for greater flexibility than a bank funded loan, primarily because the funds are reserved for businesses that create or retain jobs for low to mid- income employees.
Funding available is between $35,000 and $200,000 and higher in some situations.
With the loan you can: – Start-up your business – Expand your business – Purchase an existing business – Acquire land or a building – Purchase machinery & equipment – Purchase inventory
Contact Information
Siskiyou County Economic Development Council
Address: 1512 S. Oregon St.
City: Yreka
State: California
Website:
https://www.siskiyoucounty.org/
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