The USDA Rural Business Enterprise Grant program has decided to award $75,000 to Warren County Economic Development that would help intensify local revolving loan fund program.
A revolving loan program is being maintained by Warren County LEDO to procure the availability of fund in order to create and enhance small businesses in the county. This new funding is being expanded so as to include loans that would help upgrade energy conservation by small businesses. The goal of this loan program is to enhance new employment opportunities within the area.
USDA has made its support available for job creation for the fourth time now through the Rural Business Enterprise Grant (RBEG) program. The funding now totals $335,000 and funds have assisted Warren County business enterprises since 2002 with creation of the loan program.
Warren County businesses can make use of this additional funding in order to meet the start-up and expansion costs. This loan is also blended with other financing sources so as to procure expected results for small businesses.
Companies that are technically sound and agric-based will receive the greatest attention so as to create employment opportunities. In the event of meeting all the criteria, retail, service and manufacturing companies will gain advantage.
Businesses that are operational in Warren County can now find loan grants and won’t be denied loans on grounds like color, age, national origin, race, religion and sex.
This article was submitted by Rohit Arora, co-founder of Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to