Types of Loans & Proceeds

Start Up/ Expansion Loan
  • Loan Amount: Up to $35,000 (maximum)
  • Interest Rate: 2% - 5%
  • Term: Up to 7 years
  • Owner's Equity: 20% requirement on start-up businesses (requirement may be assessed for existing businesses as well!)
Working Capital Loan
  • Loan Amount: Up to $7,500 (maximum)
  • Interest Rate: 2% - 5%
  • Term: 2 years ($0.00 - $3,500), 3 years ($3,501 - $5,000) 4 years ($5,001 - $7,500)
  • Owner's Equity: 5% requirement on start-up businesses (requirement may be assessed for existing businesses as well!)
Technical Assistance Loan
  • Loan Amount: Up to $5,000 (maximum)
  • Interest Rate: 2% - 5%
  • Term: Up to 3 years
  • Owner's Equity: 5% requirement on start-up businesses (requirement may be assessed for existing businesses as well!)
For additional information please contact the Program Coordinator at (706) 821-1797