The Locally Administered Revolving Loan Fund is a financial tool designed to stimulate economic growth and development within Madera County. The Madera County Small Business Loan Program, and the City of Madera Revolving Loan Fund Program provides businesses with access to capital that may not be available through traditional banking channels, offering a springboard for expansion, innovation, and job creation.
For more information contact: Lois Leonard via email or by calling 559-675-7768
Madera County EDC is authorized to provide funding in the form of long and short-term financing. The program is funded primarily through the State Community Development Block Grant (CDBG) and Housing and Urban Development (HUD) funds. Funding from the program includes but not limited to, equipment purchase, working capital, and inventory acquisitions for new and existing businesses through the Madera County Small Business Loan Program and the City of Madera Revolving Loan Fund Program. The funding is primarily focused on job creation meeting the requirement of one full time job created for every $35,000 in loan funds. By offering flexible terms and competitive interest rates the fund ensures that businesses have the necessary resources to thrive and compete in today’s market.
Investing in the community, the Small Business Loan and Revolving Loan Fund programs reinforces Madera County’s dedication to fostering a robust and diverse economic environment. It’s an opportunity for businesses to plant deeper roots in the community, contributing to a sustainable and prosperous future for all residents.
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