Region XII was awarded 1.84 million through the CARES act to loan to businesses. You can request a loan from $25,000-$460,000 with a 0% rate for the first 2 years, followed by a 2% rate for the next 8 years. You can use these funds to purchase a building, machinery, equipment, inventory, or to use as working capital. There is no down payment, only an application fee of 1.5% of the amount loaned, and a requirement of 1 job created per $50,000 loaned. For additional information, check out the link below!
