Aberdeen Development Corporation Revolving Loan Fund « Back to Search Results
Aberdeen Development Corporation Revolving Loan Fund

Category: Aberdeen, job creation, loan, terms


Aberdeen Development Corporation provides:

  • Revolving Loan Fund The ADC-RLF provides up to $10,000 per job amortized over 20 years, 3% to 6% interest rate with a 5-year balloon.  The exact terms are set by the Aberdeen Development Corporation Board of Directors.
  • Forgivable Loan Fund Forgivable Loans are available based on the number and quality of jobs.  They are up to $1,000 per employee with a maximum of $100,000.  Loan forgiveness is provided for FTE’s employed for 24 consecutive months before the loan becomes due.

Contacts

Chris Haar
Aberdeen Development Corporation
chrishaar@midco.net
http://adcsd.com/financial-incentives/

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