Areas Served: Mendocino County
The Economic Development & Financing Corporation offers a Business Revolving Loan Fund (RLF) for Mendocino County, California businesses to provide gap financing for projects, which encourage job creation, investment and expansion.
Business RLF Conditions:
¢ Loan amounts range from $10,000 $100,000
¢ A typical loan package may include local bank participation, an RLF loan, and an equity portion provided by the participating business.
Local banks are encorage to patricipate.
¢ Terms: One to ten years.
Payment deferral possible under certain conditions.
¢ Jobs: One full-time job must be created for every $55,000 or less, loaned.
¢ Collateral: Fully collateralized.
¢ Fees: Loan packaging fee of 1.5% of the loan value, plus billable expenses.
¢ Business Sector
Contact InformationEconomic Development and Financing Corporation
Address: 631 South Orchard Avenue
City: Ukiah
State: California
Website:
http://www.edfc.org/?s=loan&search=Search
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