ARDC Revolving Loan Program

Type of Assistance: Loans
Industry: Manufacturing, Other, Recreation/Tourism, Technology, Wood Products
Maximum Amount Available: $100,000

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Qualifier or Eligibility

• Manufacturing wood products, technological
• innovation, tourism, etc. One job per
• $10,000. Leverage: 2:1. Land, bldg.,
• equipment and working capital. Prevailing
• wage.

Funds

• Loans: $10,000 - $100,000
• Interest rate: Prime minus 4%
• Minimum 4%
• Origination fee: 1 - 2 %
• Loan terms: 5-20 years
• Loan service fee: 1 % per year
• Adequately secured and personally
• guaranteed