USDA Revolving Loan Funds
RBEG (Laus Deo & East Palestine), USDA IRP
- For businesses located within the USDA tract within Columbiana, Mahoning, and Trumbull Counties
- Loan amount up to $150,000
- Requires 10% equity injection towards project cost
- Fixed interest rate
- Financing uses
- Machinery and equipment purchases
- Inventory purchases
- Working capital needs
- Land and building purchases/renovations
- Leasehold improvements.
- Technology Based Companies
- Refinance of loans on unreasonable terms