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This listing may be outdated. Verify details at the official source before applying.
Find similar grantsNo application deadline listed; program appears to accept applications on an ongoing basis. Contact ETDD directly for process details.
EDA Revolving Loan Fund (ETDD) is sponsored by East Tennessee Development District (ETDD) / U.S. Economic Development Administration (EDA). The EDA Revolving Loan Fund (RLF) administered by the East Tennessee Development District provides flexible, low-interest loans to for-profit businesses in eligible municipalities and counties within the ETDD District.
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Small Business Loans - East Tennessee Development District Economic Development: Small Business Loans Areawide Development Corporation (ADC) Areawide Development Corporation (ADC) is an affiliate to ETDD that was formed in 1981 to promote economic development through administration of business loan programs. ADC administers the following programs: Acquisition, construction, or renovation of commercial real estate Purchase of machinery / equipment Owner-occupied,
for-profit businesses Tangible net-worth of $15 million or less Average net-income after Federal income taxes for preceding two completed fiscal years of $5 million or less Fixed rate for life of loan 50% private lender first mortgage 10 – 20% borrower injection Balance funded through the SBA 504 Program Purchase, construction, or renovation of buildings for commercial or industrial use
Acquisition of machinery / equipment For-profit businesses in eligible municipalities and counties in ETDD District Must provide for creation and/or retention of jobs in those areas Fixed rate for life of loan Up to 90% of project financing not exceeding $200,000
According to the current listing, eligibility includes: For-profit businesses located in eligible municipalities and counties within the ETDD District that demonstrate job creation and/or retention. Confirm the full requirements in the official notice before applying.
The current listing shows up to 90% of project financing, not exceeding $200,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
EDA Revolving Loan Fund (ETDD) is funded by East Tennessee Development District (ETDD) / U.S. Economic Development Administration (EDA). Verify program details on the funder's official page before applying.
This opportunity targets applicants in Tennessee. If your organization operates elsewhere, check the official notice for location requirements.
Applications go through the funder's official portal — the Apply Now link on this page goes there directly.
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