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Find similar grantsGreenbrier Valley Economic Development Corporation Microloan Program is sponsored by Greenbrier Valley Economic Development Corporation. This microloan program offers funding to new and existing small businesses within Greenbrier, Monroe, and Pocahontas counties in West Virginia. It is specifically for businesses that are unable to secure traditional bank financing.
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Or search similar grants →Extracted from the opportunity page linked on this listing to help you evaluate fit faster.
* Search Sites & Buildings * Forestry & Wood Products * [](https://www. facebook. com/gvedc/?
fref=nf) * [](https://www. linkedin. com/company/greenbrier-valley-economic-development-corporation) * [](mailto:rbeezley@gvedc.
com) * Search Sites & Buildings * Forestry & Wood Products # Small Loans for Small Businesses ### Microloans with Greenbrier Valley EDC Designed for entrepreneurs who may not qualify for traditional bank financing, the Greenbrier Valley EDC’s microloan program may work for you. Whether you have a need for equipment, renovation, or expansion, let the Greenbrier Valley EDC walk you through the process.
### Loan Can Be Used For: * Located in Greenbrier, Monroe, or Pocahontas County. * New or existing legal business. * Current on state taxes.
* Must meet loan application policies. * Unable to secure traditional bank financing. * Loans from $5,000-$30,000 * Interest rates at Prime +1% * 60 days before first payment * Collateral required for all loans * Personal guarantee for all loans This is a loan program – **not a grant program** * Collections are aggressively pursued.
* $10 late fee assessed after 10 days. * Collections may begin after 60 days. ### Loan Application Process * Request Loan Application or download below.
* Complete credit report and state tax form and mail to the GVEDC with a check for the $150 non-refundable application fee. * Complete loan applications and send in all documents listed on checklist. * Review loan application documents with GVEDC representative and make changes as necessary.
* Loan board makes decision on application and notifies loan applicant. * If approved, GVEDC representative works with borrower to prepare closing documents and to schedule a closing. There are no additional closing costs!
If you have questions about the Microloan or having problems opening the PDF, contact Amy Truesdale at atruesdale@gvedc. com or (304) 497-4300. _Greenbrier Valley Economic Development Corporation is an equal opportunity provider, employer, and lender.
_ * [](https://www. facebook. com/gvedc/?
fref=nf) * [](https://www. linkedin. com/company/greenbrier-valley-economic-development-corporation/) * [](https://yesgreenbriervalley.
com/microloan/#mailto:rbeezley@gvedc. com) #### **Located at 804 Industrial Park, Suite 5, Maxwelton, WV 24957** * Search Sites & Buildings * Forestry & Wood Products
According to the current listing, eligibility includes: New and existing small businesses in Greenbrier, Monroe, and Pocahontas counties in West Virginia that are unable to secure traditional bank financing. Confirm the full requirements in the official notice before applying.
The current listing shows $5,000 to $30,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Greenbrier Valley Economic Development Corporation Microloan Program is funded by Greenbrier Valley Economic Development Corporation. Verify program details on the funder's official page before applying.
This opportunity targets applicants in West Virginia. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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