Loan amount available: 30% of project cost, up to maximum of $50,000 (subject to availability of funds)
Interest rate: Varies; floor of 3%
Term: 3-5 years for working capital and inventory
3-10 years for fixed assets
Primary eligibility requirements:
Bank participation by Clay County Bank is required to access this loan program.
Program available in Clay County.
Special features: Public source of funds
Only owner-occupied real estate.
Construction projects require ADA handicapped accessibility and preliminary drawings.
See Business Finance Program for assistance.