|
|
|
|
The Colusa County Partnership, a non-profit
corporation housed with the Colusa County One-Stop, offers business
loans to qualifying new and expanding businesses in the two incorporated
cities of Colusa and Williams and the unincorporated areas of
Colusa County.
Basic Qualifications:
-
The business must be
located within the jurisdiction's boundaries.
-
The business must create
or retain jobs for residents of the County.
-
The borrower must demonstrate
the ability to repay the loan from the operation of the business.
-
Must be a for-profit
business.
-
Machinery and Equipment
-
Working Capital
-
Inventory
-
Construction
-
Real Property
-
Business Acquisition
-
Loan amount - Up to $150,000.00
per loan
-
Fees - A loan packaging
fee of 1.5% of the total loan amount charged to the loan recipient
-
Equity will be required
-
Loan is neither assumable
nor assignable
-
Collateral will be required,
as well as personal guarantee
-
Interest rate - Loans
secured by real estate are fixed at West Coast Prime plus 1%.
Unsecured loans are fixed at Prime plus 2%.
-
Loans for purchase of
inventory can be up to 3 years; working capital loans can be
up to 5 years; purchase of equipment can be up to 7 years and
real estate up to 20 years.
-
In companion loans, positions
may be taken behind senior liens when the amount provided by
the participating bank exceeds the program loan amount.
The One-Stop Partnership
offers a staffed Business Resource Room that provides employers
with resources necessary to stay competitive. Easy and convenient
access to the following services saves time and money.
-
Access
to Business Assistance Web Sites
-
Fee-Based
Specialized Training Available-Just ask and we can help pull
it together
-
Library
of Business Assistance Resources
-
Computer,
Phone, Folding Machine, Fax/Copier
-
One-On-One
Business Counseling from Professional Business Consultants
-
Workshops
and Seminars
-
-
Assistance
with Access to Business Financing
-
Need a loan see the above
download forms page and apply on-line
|
|
