LCEDC Marketing New 2.5% Fixed Rate Business Loans!

In a time when costs are only going up, up, up, the Lawrence County Economic Development Corporation (LCEDC) has recently announced a new business loan program for existing or start-up businesses that can offer a fixed interest rate as low as 2.5%.  The program is designed to provide up to 50% of your total project cost with terms as long as ten years.  Unlike other economic development loan programs, these funds are open to nearly all business types from retail/service to manufacturing.  Loans are available from $5,000 to as large as $250,000.  Funding can be used for any fixed asset costs such as the purchase of land or building, construction or renovation, machinery or equipment, service vehicles, etc.   If this sounds like the program for you, please contact Diane Richardson at 724-658-1488 or by e-mail to richardson@lawrencecounty.com to discuss your project and the details of the program!