Do you operate a business in Stanislaus County?
The Stanislaus County Revolving Loan Fund which provides loans designed as gap financing to meet the capital needs of eligible Stanislaus County businesses.
The intent of the RLF program is to provide assistance to businesses that create full-time jobs and thereby enhance the county’s overall economic base. As borrowers make payments on RLF loans, the funds are returned to the loan pool so they can help finance other projects.
Eligible businesses include:
- Manufacturing
- Service
- Retail
- Agribusiness
- Professionals
Loan uses include:
- Operating capital
- Machinery and equipment purchase
- Acquisition of land and buildings
- Building Expansion
Loan sizes:
- Up to $100,000
- Terms: 3 to 7 years or up to 20 years on real estate
Minimum requirements:
- Job creation
- Credit-worthiness of the applicant
- Adequate collateral
- Business debt ratio minimum 4 to 1
- Debt Service Coverage of 1.20x or more
Contact us for more information about how the Success Capital RLF program can help you with your project.