Areas Served: Jones, Jackson, Buchanan and Clinton Counties The Maquoketa Valley Electric Cooperative Intermediary Relending Program (IRP) provides low interest loans to assist with local economic and community development projects following similar goals as with the RLF previously mentioned. Minimum and maximum loans range from $50,000 to $150,000 with a 3-5% interest rate. The maximum
Read MoreAreas Served: Buchanan, Dickenson, Lee, Russell, Scott and Tazewell counties The Virginia Coalfield Economic Development Authority is a unique economic development organization that operates incentive and funding programs. VCEDA’s mission is to help enhance and diversify the region’s economy by encouraging new job creation. VCEDA REVOLVING LOAN FUND VCEDA’s primary incentive program is designed to
Read MoreAreas Served: Lynchburg Virginia Lynchburg Economic Development Authority Loan Fund – Funds provided by the Lynchburg Economic Development Authority – Eligible businesses must be located in the City of Lynchburg – Loans from $50,000 to $250,000, with a fixed rate of interest Contact InformationBusiness Development Centre, IncAddress: 147 Mill Ridge Rd.City: LynchburgState: Virginia Website: http://lbdc.com/index.php?/financing
Read MoreAreas Served: Brady, Cuero, Hempstead, Luling Texas Community Micro Loans are available for businesses through partner communities: Brady, Cuero, Hempstead, Luling. Loans are for 5 years, require 10% equity, begin at $5,000 and cannot exceed $25,000. Rural communities committed to local business development are invited to engaged BCL to set up and the administer their
Read MoreAreas Served: City of Huron Size of Loans – Min. $5,000 – Max. $50,000; Interest Rate – Variable Rate Loans priced at Prime Rate +2.75%; Term between 2 – 6 years; and fees of 2% plus out-of-pocket expenses. Profile of Borrowers – Microenterprises, start-ups, and existing small businesses. Small business must be located in the
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