Federal Programs

Housing and urban development (HUD) home

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Economic Development Revolving Loan Fund (EDRLF)

  • To develop the economy through financial assistance of existing businesses with various specific projects.
  • 9% Interest rate
  • Federally funded
  • Maximum loan amount: $200,000.00
  • Application Fee: 100.00

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Community Development Block Grant (CDBG)

  • To help fund new and existing businesses in specific indutries.
  • 9% fixed interest rates.
  • Federally funded
  • Maximum loan amount: $100,00.00
  • Applications Fee: $100.00

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Community service block grant (CSBG)

  • To provide seed capital for both new and existing businesses & promote self sufficiency to qualifying businesses. 
  • 9% fixed interest rates.
  • Federally funded
  • Maximum loan amount: $100,000.00
  • Application Fee: $100.00

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