Types of Loans

Economic Development Loan
  • Loan Amount - $5,000 - $25,000
  • Interest Rate - Treasury-Bill Rate
  • Repayment - Up to seven years
  • Owner’s Equity - 20% requirement on start-up businesses
Micro Loan Fund
  • Loan Amount - Up to $5,000
  • Interest Rate - 3%
  • Repayment - Up to three years