FINANCING
Rate: Negotiable (Typically at or below market rate
FINANCING |
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| Commonwealth of Virginia, Economic Development Revolving Loan Fund | ||
| Amount: Loans up to $700,000 Rate: Negotiable (Typically at or below market rate |
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| Commonwealth of Virginia, Industrial Development Bonds | ||
| Industrial Development Bonds (IDBs), or private activity bonds, are issued through the Virginia Small Business Financing Authority (VSBFA) or locally in Virginia through Industrial Development Authorities (IDAs) for amounts up to $10,000,000 for manufacturing facilities. | ||
| Lake Country Development Corporation, Revolving Loan Fund | ||
| Loans are made available to leverage other public and private funds for the purpose of economic and industrial "job-creating endeavors." Loans up to $250,000; 3% below Prime for up to 10 Years (5% floor). | ||