Revolving Loan Fund Guidelines

Summary

The Twin Valley Economic Development Authority establishes guidelines for the Revolving Loan Fund Program, which provides below market interest loans for business expansions, relocations, or initial startups within the City of Twin Valley. The program aims to create or retain jobs and leverage funds to the greatest extent possible. The guidelines outline the application and review process, eligible borrowers and uses of proceeds, loan amounts, terms, collateral, and personal guarantees.

Details

Subject

Revolving Loan Fund Guidelines

Summary

The Twin Valley Economic Development Authority establishes guidelines for the Revolving Loan Fund Program, which provides below market interest loans for business expansions, relocations, or initial startups within the City of Twin Valley. The program aims to create or retain jobs and leverage funds to the greatest extent possible. The guidelines outline the application and review process, eligible borrowers and uses of proceeds, loan amounts, terms, collateral, and personal guarantees.

Action Type

new

Enacting Body

Twin Valley Economic Development Authority