Areas Served: Franklin County
Franklin County Planning and Zoning offers a revolving loan fund for Franklin County, Missouri businesses.
– The total amount available for loans is approximately $250,000.00. – The dollar amount for each loan will average $35,000.00 and will generally not exceed $50,000.00 per loan account.
– Loan Accounts are available through both FEDA and CDBG.
– Loans will be given to new businesses or existing businesses that cannot meet all of their funding needs through the regions financial institutions.
– Loan funds can be used for equipment, fixtures, working capital, inventory, or real property.
– The amount of the loan will be based largely on job creation and retention, with a goal of $5,000.00 loaned per each job created or retained.
Priority will be given to projects that: – Create new jobs and/or retain existing jobs – Re-develop blighted or vacant land and facilities – Aid businesses owner by minorities, women, or person who are economically disadvantaged – Implement new technologies and practices – Exhibit the potential to grow and strengthen the region’s economy – Leverage a minimal amount of public dollars, with the goal being a ration of two (2) private dollars to every one (1) RLF dollar – Provide a needed product or service to the Franklin County area – Are located within a business area of a community with a recognized revitalization or redevelopment plan
Contact Information
Franklin County Planning and Zoning
Address: 400 E Locust
City: Union
State: Missouri
Website:
https://www.franklinmo.org/
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