Klamath-Lake Regional
Housing Center
Economic Development
Administration
Click to view the 2007 Klamath County Resource Guide
Loan Description
The Business Development Coordinator assists business
start-ups and existing businesses with financial packages when they are unable
to receive funds through traditional means. The lack of capital available to
emerging businesses and risky enterprises is needed in our community. The loans
SCOEDD offer fills this need.
Revolving Loan Fund (RLF) Basics:
- Business Loans $10,000-$250,000
- Interest rate cap is 3 points above prime rate at closing
- At least 10% of new
investment towards the total cost of the project
must be contributed by the borrower
(riskier start-ups may be
required to contribute additional
equity)
- Sufficient collateral to cover loan amount is required
- SCOEDD can fund up to
75% of the project
Intermediary Re-lending loan Program (IRP):
- Loan require approval from
representatives at USDA
Use of funds:
- Fixed assets (land/building acquisitions, equipment, fixtures, and/or machinery purchase)
- Inventories and supplies
- Up to 25% of
loan used for working capitol 
Economic Development Association (EDA) loan program:
- Local board approval
Use of funds:
- Fixed assets (land/building acquisitions, equipment, fixtures, and/or machinery purchase)
- Inventories and supplies
- Up to 50% of
loan used for working capitol
Regional Investment Board (RIB) loan program:
- Local Board approval
Use of
funds:
- Fixed assets (land/building acquisitions, equipment, fixtures, and/or machinery purchase)
- Inventories and
supplies
-
Loan Application -
- Possible
collateral -
