MEDC Revolving Loan Program

OBJECTIVE: TO ENCOURAGE NEW AND EXISTING BUSINESSES TO INVEST AND PROSPER IN MCCAMEY BY OFFERING LOW-INTEREST LOAN OPPORTUNITIES TO ENTREPRENEURS.

1. Have a developed business plan.

2. Help create or retain employment. ($10,000 per position created or retained)

3. Have sufficient collateral to guarantee loan incase of default.

4. Live or maintain a business location within 25 miles of McCamey or endeavor to use local labor or employees.

5. Pay back funds within term (1-5 years)

6. Use the funds to open a new, or retain an existing, business in McCamey.

Revolving Loan Program Application