Revolving Loan Fund

The Revolving Loan Fund incentive is used to promote new or expanded business development. This loan is provided to the EDC through funds from the USDA. This loan is given at 1% interest above prime rate. It is used on tangible items of greater cost needed by the business to increase their sales and sales tax.

The Revolving Loan Fund incentive must be approved by the EDC Board of Directors. This incentive is paid in full after a promissory note and security note are signed by all parties.

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