ARDC Revolving Loan Program

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

---

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 6%
• Origination fee: 1 - 2 %
• Loan terms: 5-20 years
• Loan service fee: 1 % per year
• Adequately secured and personally guaranteed