Areas Served: Des Moines County
The ECIA Regional Revolving Loan Fund is targeted primarily to manufacturers for the purchase of equipment in Des Moines County, Iowa.
The objective of the RLF’s are private sector job creation and capital formation for expansion or start-up projects.
Features include below market interest rates, filling financial gaps, and leveraging private sector funds.
Loan Amounts – Minimum: flexible at $50,000 – Maximum: $250,000 Uses of Loan Proceeds – Acquisition of machinery and equipment Advantages – Below market interest rates – Provides gap financing – Matches term of loan to life of assets being financed – Meets local match dollar requirement for IDED funding – Creates jobs and wealth
Contact InformationEast Central Intergovernmental Association
Address: 7600 Commerce Park
City: Dubuque
State: Iowa
Website:
http://www.ecia.org
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