Areas Served: Butler County
The Panhandle Area Development District Economic Loan Fund (EDLF) was created to help provide funding for economic development projects in the Panhandle Area Development District’s eleven county service region of Banner, Butler, Box Butte, Cheyenne, Dawes, Deuel, Garden, Kimball, Morrill, Scotts Bluff, Sheridan and Sioux.
The EDLF provides subordinate or gap financing institutions to assist businesses with expansion, transfer of ownership, or purchase of assets.
The Panhandle Area Development District Economic Development Loan Funds will make loans for the following: – Equipment – Inventory – Vehicles – Government Infrastructure & Buildings – Real Estate – Working Capital – Machinery The maximum working capital loan is $100,00. A maximum of $150,000 is placed on all other loans.
The interest rate and loan terms vary depending on the loan.
Loans terms generally will be a maximum of 5 years for vehicles, 10 years for equipment, and 15 years for real estate.
Contact InformationPanhandle Area Development District
Address: 1432 10th Street
City: Gering
State: Nebraska
Website:
http://nepadd.com/
Leave a Reply