Areas Served: City of St. Cloud The City of St. Cloud, Minnesota administers a small revolving loan fund and offers flexible, low-interest financing for new and expanding businesses. Loan funds can be used for a variety of purposes, particularly building modifications and/or equipment purchases. Loan applications are available at the City of St. Cloud Economic
Read MoreAreas Served: City of Becker The City of Becker, Minnesota may provide short term gap financing to assist businesses in the form of a loan. The purpose of such financing is to provide gap financing where conventional funding sources are not sufficient to meet the business needs for new facilities, equipment, operating capital, and start-up
Read MoreAreas Served: All Alabama Counties The Alabama Plan for Linked Deposits is a program for businesses operated as a division of the State Treasurer’s Office. It allows the State Treasurer to make deposits in state banks on which banks pay 2% below the normal interest rate paid to the state for its funds. The reduction
Read MoreAreas Served: Washington and Hancock County EDM loans help small businesses in Washington & Hancock County, Maine with funding of up to $50,000 for the purchase of equipment, supplies, inventory, leasehold improvements, and working capital. Interest rate – minimum 8.0% Flexible repayment terms 2% origination fee due at closing Requirements: The business must have 10
Read MoreAreas Served: Warren County Elgible Applicants: new or existing retail or commercial business targeted to providing goods or services to Warren County, Virginia residents. Eligible Uses of Loan Proceeds: equipment and inventory purchases, and working capital. A maximum of 25% of loan proceeds may be used for working capital. Financing Limits: A maximum of $10,000
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