News

The Ravalli County Economic Development Authority ready to offer small business loans

January 6, 2010/

While the county’s microloan program is about to begin operations, so is another loan system designed to boost small business owners.

The Ravalli County Economic Development Authority http://www.rceda.org/ has $600,000 in U.S. Department of Agriculture loans to issue. The loans are part of USDA’s intermediary relending program.

While $335,000 of the money available is from USDA, another $165,000 comes from the Montana Board of Investments and a further $100,000 from the Ravalli County federal stimulus program.

“We have $600,000 ready to lend out,” said Julie Foster, director of the economic development authority.

by JEFF SCHMERKER – Ravalli Republic

Full Story: http://www.ravallirepublic.com/articles/2010/01/06/news/news19.txt

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