|
 Financing
Resources
Commonwealth
of Virginia
Economic Development Revolving Loan Fund Loans up
to $1,000,000; Up to 40% of the total project cost Negotiable (typically
at or below market rate) Length of loan negotiated for each project—not
to exceed the useful life of the assets being financed
Industrial
Development Bonds Industrial Development Bonds (IDBs), or
private activity bonds, are issued locally in Virginia through Industrial
Development Authorities (IDAs) for amounts up to $10,000,000
Lake
Country Development Corporation
Revolving Loan Fund Loans are made available to leverage
other public and private funds for the purpose of economic and industrial
"job-creating endeavors." Loans up to $400,000 3% below Prime for
up to 10 Years (4% Floor)
|
