Highlights Include: · Maximum loan amount of $50,000 · Interest rate as low as 3.0% APR. · Possibility to waive application fees and closing costs.
In order to support small businesses in Lake and Mendocino counties during events like these, the Economic Development Finance Corporation (EDFC), a lending partner of the Lake County Economic Development Corporation, has established a disaster assistance loan program. If your business is being negatively impacted by the downturn of our economy caused by the Coronavirus-19, you may be eligible for a loan up to $50,000 with interest as low as 3.0% APR. Also, depending on the size and location of your business, the EDFC may be able to waive application fees and closing costs.
For more information, contact the EDFC’s Lending Relations Manager, Robert Gernert, at firstname.lastname@example.org or (707) 234-7505. You can visit their website at edfc.org City of Lakeport