Areas Served: City of Lynchburg, Virginia
Revolving Loan Fund funds provided by the EDA, U.S. Department of Commerce and the City of Lynchburg, Virginia.
– Gap financing is provided in partnership with private lenders to finance the total project under consideration.
– Private lenders or banks must provide at least 51% of financing, while the borrower must provide a minimum of 10% equity.
– Loans range from $5,000-$125,000 depending upon availability, with a fixed rate of intereSt. – Program is designed to create and/or retain jobs
Contact InformationBusiness Development Centre, Inc
Address: 147 Mill Ridge Rd.
City: Lynchburg
State: Virginia
Website:
http://lbdc.com/index.php?/financing
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