Areas Served: City of Clinton
Clinton Main Street, Inc. has established a Revolving Loan Fund (RLF) to be used as gap financing for small businesses in the Clinton, Missouri area.
The RLF is designed to provide financing for businesses in two ways: (1) a small stand-alone loan under $10,000, or (2) a loan over $10,000 which will work in cooperation with a larger loan from a lending institution providing necessary equity to help qualify the applicant with the lender The Main Street RLF is intended to help fund fixed assets, inventory, operating capital, or capital improvement, or to help cover a down-payment that a conventional lender won’t make.
The intent is to make loans in conjunction with local banks.
Funds will be available for new businesses and current businesses that want to expand.
All of these targeted participants will contribute to the economic vitality of the community The maximum loan amount is $25,000 per applicant and the business must be located in the Clinton area.
Contact InformationClinton Main Street, Inc.
Address: 200 S. Main Street
City: Clinton
State: Missouri
Website:
http://www.clintonmo.com/economic-development
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