The
Chestatee-Chattahoochee RC&D Council received a grant from USDA Rural Development for the purpose of helping establish
or expand small business in our thirteen-county area. To date several businesses have received assistance
through this program, with loans available from $5,000 to $10,000. The interest rate charged is a minimum
of Prime plus 4; but may be higher depending on credit status. As the principal is repaid, those funds are available
to be loaned out again.
If you have an interest in participating
in the Revolving Loan Program, click on the application link provided below. Return the completed application,
along with a cover letter stating:
v The type of business being started or
expanded
v The location of the business (it must be within our Council area to be eligible)
v The amount of funding being requested
v The type and
value of collateral which will be used to secure the loan
This
information should be returned to:
Chestatee-Chattahoochee
RC&D Council
Attention:
Revolving Loan Program
170
Scoggins Drive
Demorest,
GA 30535
Upon review of the information provided,
the applicant will be contacted for follow up.