LVEDC administers many federal, state, and local financing programs to assist your business. Our role is to help businesses find the best program and then assist them through the process as quickly and expertly as possible. We are experts in bringing these resources together to maximize the benefit to you. Our staff will provide you with detailed information on the business loan programs that are applicable and will work directly with you to develop the most beneficial incentive package available.
Manufacturing, industrial, agricultural, research and development, hospitality, recycling, computer-related service, new-construction contractors, child day-care and most minority-owned and operated businesses.
Capital needs of small business for operations, including personnel and training costs.
50 to 75 percent of eligible project costs. Maximum = $100,000.
Between 3 and 5.5 percent via Commonwealth programs.
Create/retain one job per $15,000 to $25,000.
Subordinate lien position is possible, 25 to 50 percent private match.