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USDA IRP Funding
| Description: | This program allows the CCC&I; to act as a gap financer, and to facilitate completion of new business start-up, expansion, job retention and job creation. Maximum loan amount $150K and/or up to 75% of total project cost.
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| Eligibility: | Business must be located in Caribou, Maine. |
| Maximum Amount: | 100K |
| Maximum Exposure: | Up to 75% of project. |
| Interest Rate: | Determined at time of application. |
| Collateral: | Various |
| Terms: | Varied; typically with balloons at fixed rates |
| Footnotes: | The CCC&I; is a GAP financier, and may be a viable option/alternative for many potential business start-ups; re-oganizations; when commercial lending has either been denied, or determined to not meet the entire needs of a borrower. |
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For More Information contact:
24 Sweden St Suite 101 Caribou , ME 04736 1-800-722-7648 207-492-1362 | |