Loan amount available:
30% of project cost, up to maximum of $50,000 (subject to availability of funds)
Interest rate:
Varies; floor of 3%
Term:
- 3-5 years for working capital and inventory
- 3-10 years for fixed assets
Primary eligibility requirements:
- Bank participation by Clay County Bank is required to access this loan program.
- Program available in Clay County.
Special features:
Public source of funds
Special requirements:
- Only owner-occupied real estate.
- Construction projects require ADA handicapped accessibility and preliminary drawings.
See Business Finance Program for assistance.
Return to Business Financing Resource Page