Revolving Loan Fund

Funded by the US Department of Commerce, Economic Development Administration (EDA).
Only Available in Pend Oreille, Stevens, and Ferry Counties.

• Loans range from $7,500 to $100,000.
• Used for Working Capital, Fixed Assets, and Equipment.
• Terms – Up to: 5-years on Working Capital, 10-years on Fixed Assets, and 15-years on real estate secured.
• Net worth of at least 15% required.
• Borrower must have 15% equity in project (30% equity for restaurants, 40% for start-ups).
• Normally can fund maximum of 75% of total project and 75% of debt.
• Normally used to match with private or commercial funds.
• Job creation ratio of 1 job for every $25,000 borrowed.
• Limitations: Cannot be used for Construction.

LOAN QUICK LINKS

Rural Development Loan Fund

CDBG Business Loan Fund

CDBG Micro Enterprise Loan Fund



FINANCING RESOURCES

Resources