Areas Served: City of Chapman
The Chapman RLF is primarily for public entities (IDA, IDC, Cities, nonprofit 501 (c) 3’s) in a nine-county area and was established in 1995 with initial funding from a HUD grant for $1.4 million.
This fund has the following loan terms:
¢ Minimum Loan Amount- $35,000
¢ Maximum Loan Amount- $250,000
¢ Loan Term- 5- 20 years
¢ Rate 3% fixed for the life of the loan
¢ Collateral- Assignment of Sales Tax Revenue
¢ Equity Injection- 20%
¢ 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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