Clay County Revolving Loan Fund

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

Special requirements:

Only owner-occupied real estate.

Construction projects require ADA handicapped accessibility and preliminary drawings.

See Business Finance Program for assistance.