Jackson County Revolving Loan Fund
The Jackson County RLF supplies up to $250,000, to purchase fixed assets and targets manufacturing, and service industries located within Jackson County.
Fixed-asset acquisition or expansion including:
• Acquisition/installation of machinery or equipment
• Purchase of land and/or construction of new buildings
• Purchase and/or renovation of existing buildings
• Financing of working capital in special situations
Low down payment - as little as 10%. Allows the small business owner to preserve critical working capital
Short or long term - 5-15 year terms
Low interest rates available!
$250,000 Maximum project size
1.5% processing fee and legal costs, no servicing fee
Goal of 1 Full Time Equivalent (FTE) position created for each $100,000 lent
Collateral required, lien position may be subordinated to private lender
Personal Guarantee usually required, other security as necessary
Positive recommendation from the RLF review committee and approval by Board of Supervisors