Areas Served: Clay, Randolph, Greene, Lawrence, Craighead, Mississippi, Poinsett, Cross, Crittenden, St. Francis, Lee, and Phillips Counties
The East Arkansas Planning and Development District RDA Revolving Loan Program is for financing new business expansion opportunities that will result in the creation of one new job for every $10,000 borrowed in the Arkansas Counties of Clay, Randolph, Greene, Lawrence, Craighead, Mississippi, Poinsett, Cross, Crittenden, St. Francis, Lee, Phillips.
Eligible activities for investments are business acquisitions, construction, conversion, enlargement, repair, modernization and development costs; purchase and development of land, easements, rights-of-way, buildings, facilities, leases or materials; purchase of equipment, leasehold improvements, machinery or supplies; pollution control and abatement; transportation services; start-up operating costs and working capital; interest on interim financing; feasibility studies; reasonable fees related to the project; and aquaculture.
The maximum loan amount is 50% of project costs, or $150,000, whichever is less.
The service area for this loan is in communities with fewer than 25,000 people.
Contact InformationArkansas Business Revolving Loan Fund
Address: P.O. Box 1403
City: Jonesboro
State: Arkansas
Website:
http://www.eapdd.com/
Leave a Reply