• Jan 13, 22
• spencergregory
• Revolving Loan Fund Directory
• 0 comment

The objective of the O’ Brien County Economic Development Revolving Loan Fund is to further the public purpose of economic development through joint private and public investments that involve the creation of new jobs and income, or the retention of existing jobs and income which would otherwise be loSt. Low interest loans are available for O’Brien County, Iowa businesses of up to $250,000 to start up and existing businesses.

Revolving Loan Funds may be used for the following: – Land Purchases – Building Purchases – Building Construction – Machinery Purchases – Equipment Purchases Any other uses deemed appropriate by the O’ Brien County Revolving Loan Fund Committee Length and project terms may be based on the following criteria: – 0 – 2 Years 40% of commercial interest fixed rate available to the applicant – 2 – 4 Years 50% of commercial interest fixed rate available to the applicant – 4 – 6 Years 70% of commercial interest fixed rate available to the applicant – 6 – 8 Years 80% of commercial interest fixed rate available to the applicant – 8 – 10 Years 100% of commercial interest fixed rate available to the applicant



Contact Information
O’Brien Economic Development Corporation
Address: PO Box 616
City: Primghar
State: Iowa

Website: http://www.obriencounty.com/business/businesses.htm

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