Economic Development Match Loans
Information
These loans help businesses get loans of up to $50,000 to match other funding they can access.
- Loans up to $50,000 for 1/3 to 1/2 of the business's total financing needs
- Interest rate - minimum 8.0%
- 2% origination fee due at closing
Requirements: The business must have 10 or fewer employees. You must complete a loan application for loan committee review. The borrower should have up to 2/3 of the financing already identified. This is a match loan program, and so the rate is determined in part by the rate on the main portion of the finance package.
Please contact Loan Officer Carla Britton at gro.pacachw@nottirbc or