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
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