Business Loan Programs

• Up to 40% of the total project costs with a maximum loan amount of $250,000. The amount of EZ funding is determined by the ability to utilize public/private funding sources and the gap in financing. Loans are also based on jobs created.
• Terms: Up to 7 years subject to useful life of asset.
• Permitted Use: Acquisition of land and buildings, new construction, renovations, machinery, equipment and working capital. Funds cannot be used to refinance existing debt.

Microloan Programs

• Up to $35,000 Bank participation is not required.
• Borrower’s Equity: A minimum of 10%; however, use of funds determines the amount required.
• Terms: Up to 5 years
• Permitted Use: Working capital, inventory, supplies, furniture, fixtures, machinery and/or equipment. Funds cannot be used to purchase real estate or refinance existing debt.

Click on the button below to learn more about Cumberland County Empowerment Zone.