Areas Served: Lamar, Delta, Hopkins, Red River, Franklin, Titus, Morris, Bowie, Cass Counties in Texas and Miller County Arkansas
The NETEDD RLF is primarily for private industry in the Texas counties of Lamar, Delta, Hopkins, Red River, Franklin, Titus, Morris, Bowie, Cass and Miller.
The fund was established in 1987 with initial funding from an EDA grant for $1.4 million.
This fund has the following loan terms:
¢ Minimum Loan Amount- $10,000
¢ Maximum Loan Amount- $300,000
¢ Loan Term- 5-20 years
¢ Rate Prime rate fixed for the life of the loan
¢ Collateral- real estate, equipment, accounts, receivable
¢ Equity Injection – 25%
¢ Purpose – inventory, working capital, equipment and real estate
¢ Job/loan ratio- 1/$35,000
Contact InformationArk-Tex Council of Governments
Address: 4808 Elizabeth St
City: Texarkana
State: Texas
Website:
http://www.atcog.org/
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