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Business - Job Start Loans
Introduction
Job Start offers loans up to $10,000 to start or expand a small business.
- Interest rate - Prime plus 1%
- Flexible repayment terms
Requirements: To qualify for a loan you must be:
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Unable to obtain financing from a bank
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Have income at or below the region's median income
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Net worth (excluding home and business assets) must be below $25,000
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Complete a loan application for loan committee review
It is the responsibility of the borrower to complete the application with all necessary data attached. The loan committee staff need not consider the application until it is determined complete by program staff.
For more information, call 610-5928