Areas Served: Coke, Concho, Crockett, Irion, Kimble, Mason, McCulloch, Menard, Reagan, Schleicher, Sterling and Sutton counties
The Rural Business Revolving Loan Fund (Fund) is designed to improve the Concho Valley geographic area economy by providing gap financing for small, emerging private business enterprise that increases employment.
The Rural Business Revolving Loan Fund (Fund) is self-perpetuating through loan repayments by borrowers where the revolving characteristic will allow it to serve as a long term loan source for start-up and expanding business in the future.
Coke, Concho, Crockett, Irion, Kimble, Mason, McCulloch, Menard, Reagan, Schleicher, Sterling and Sutton county businesses are eligible.
Loan Criteria – Loan Size – at the discretion of the Loan Committee.
– Terms – up to 10 years for land and building; up to 5 years for equipment; and up to 5 years for working capital.
– Interest Rates – determined at the discretion of the Regional Economic Development Council within a range of 4% to 7%.
The minimum interest rate is 4%.
Contact InformationConcho Valley Workforce Development Board
Address: 202 Henry O. Flipper
City: San Angelo
State: Texas
Website:
http://www.cvworkforce.org/9/Workforce-Development-Board
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