Areas Served: Bryan, Camden, Effingham, Glynn, Liberty (excluding the City of Hinesville), Long, McIntosh, Appling, Bacon, Brantley, Charlton, Evans, Pierce, Tattnall, Ware, and Wayne counties.
The purpose of the program is to finance business facilities and community development projects in the rural Georgia counties of Bryan, Camden, Effingham, Glynn, Liberty (excluding the City of Hinesville), Long, McIntosh, Appling, Bacon, Brantley, Charlton, Evans, Pierce, Tattnall, Ware, and Wayne.
The funds must be used for community development projects, establishing new businesses and/or expanding existing businesses, creating employment opportunities and/or retaining existing jobs.
ELIGIBILITY Eligible Use of Loan Proceeds -Land & Building Acquisition -Transportation Services -Construction -Working Capital /Professional Fees -Machinery and Equipment -Pollution Control and Abatement -Leasehold Improvement -Aquaculture INELIGIBLE USE OF LOAN PROCEEDS – Relocation – Acquisition (unless jobs are saved or created) – Agricultural Production Loan Amount Up to $250,000 or 75% of project cost, total RD exposure per Small Business Concern.
Location The business must be located within one of the following counties: Bryan, Camden, Effingham, Glynn, Liberty (excluding the City of Hinesville), Long, McIntosh, Appling, Bacon, Brantley, Charlton, Evans, Pierce, Tattnall, Ware, and Wayne.
The business may not be located within the inner boundary of any city having a population of 25,000 or more.
Type of Business Eligible businesses include most operating-for-profit businesses.
Ineligible businesses include: – Charitable and educational institutions, fraternal organizations, churches, and organizations affiliated or sponsored by churches.
– Businesses producing agricultural products.
– Community antenna television services of facilities.
Contact InformationCoastal Area District Development Authority
Address: 501 Gloucester St., Ste. 201
City: Brunswick
State: Georgia
Website:
http://www.cadda.com/facts/rlf/irp.htm
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