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WRPDD Business Development staff provides technical assistance to small businesses seeking financing through the Small Business Administration's 504 Loan Guaranty program. In addition, WRPDD has served as a small business lender, both alone and in cooperation with local banks, for many years. Loan programs currently being operated by WRPDD include:
There are some similarities between the programs. The entity receiving loan assistance must be located within the 10 counties of the White River District. Eligible businesses range from retail to manufacturing to service industries. Financing is available for buildings and real estate, equipment, and in limited cases, working capital. All loan applications are reviewed by a loan committee, which has final decision-making authority. The two loan funds may be utilized separately, in combination, or with local banks or other lending programs. Generally, WRPDD's loan terms are similar to local banks, with interest rates seldom varying more than 1/2% from the banks' current interest rates. To request a loan application packet, click here. |
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Send mail to info@wrpdd.com with questions or comments about
this web site.
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