The purpose of these business loans is to provide flexible financing to businesses which, in turn, create or retain jobs.
Highlights include: · Loan amounts: $35,000-$140,000, depending on funds available. · As low as 2.0%, based on the cash flow needs of the borrower and the risk level of the loan. Repayment terms are based on the ability of the business to repay the loan. ·
Use of Funds: Purchase of equipment, inventory, real property, working capital, debt consolidation. Construction is less preferable due to Davis Bacon Labor Law requirements. · Requirements: One job per $35,000 loaned, with 51% of the jobs to be filled by members of the low to moderate income group.
Contact: Jeff Lucas, Program Consultant Community Development Services 3895 Main Street Kelseyville, CA 707-279-1540 email@example.com