Areas Served: Adams, Grant and Franklin
The Rural Community Development Resources provides business micro loans for Washington businesses in Adams, Franklin and Grant counties.
Start-up/established/expanding.
¢ Loans of $2,000 up to $50,000.n¢ $100,000 if qualified, for expansion.
Use of Fundsn¢ Equipment Acquisition.
¢ Inventory – Goods needed to increase sales.
¢ Working Capital – Funds for operations.
¢ Cash Flow Restructuring – Restructure business debt to increase cash flow.
¢ Franchises – Purchase franchise, if approved by franchiser.
¢ Real estate – Acquisition of commercial real estate for business.
Loan Processn¢ Initial contact is made, customer receives loan application and list of requirements.
¢ Once all documents are assembled, customer calls to setup an appointment.
¢ At appointment, documents are reviewed & business plan is discussed.
Initial contact is made, customer receives loan application and list of requirements.
¢ Loan package is prepared, presented to Loan Credit Committee to recommend approval, rejection, or reconsideration.
¢ Final approval from Board of Directors.
¢ Loan closed & funds disbursed.
Contact InformationRural Community Development Resources
Address: 24 South Third Avenue
City: Yakima
State: Washington
Website:
http://centerforbusinessdevelopment.org
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