Economic Development - Revolving Loan Program

The Greenville County Redevelopment Authority is starting a new Economic Development and Revolving Loan Fund (ED & RLF). The goal of this program is to spur economic development activities and promote opportunities for employment in the communities. The program shall provide funds to small existing and emerging businesses located in the five participating municipalities, Greer, Fountain Inn, Mauldin, Simpsonville and Travelers Rest and the commercial corridors of the unincorporated areas of Greenville County, outside the City limits of Greenville.

Under the Economic Development and Revolving Loan Program (ED & RLF), GCRA has $363,950 budgeted for employment which must be spent no later than September 30, 2012. The window for loan application submittals is open until available funds are expended. Eligible applicants must pay a nonrefundable application fee of $100, submit a completed application with all supplemental documents, and complete the required hours of business/financial training for new and existing business provided by the Clemson Small Business Development Center. For detailed information about the program, please read the information provided below. If interested, please complete and submit a Project Summary Form along with $25 to begin the application process. The Project Summary Form will help us determine if your project is eligible for the ED & RLF Program. The $25 will count towards the nonrefundable fee of $100. For questions regarding the ED & RLF Program, please call or email Rashida Jeffers, GCRA Community Development Planner at 864-242-9801 ext. 120 or rjeffers@gcra-sc.org.

PowerPoint Presentation

Program Guidelines

Business Loan Application

Guideline for Preparing a Business Plan

Project Summary Form

Budget Summary

Personal Financial Statement

Start-Up Expenses

Opening Day Balance Sheet

Profit & Loss Projection

12 Month Cash Flow