Revolving Loans
Locally Administered Revolving Loan Fund. The Madera County Economic Development Commission (MCEDC) is authorized to provide long- and short-term fixed asset financing and working capital for new and existing businesses, through the Madera County Small Business Loan Program. MCEDC administers funds that provide low interest loans in “gap” financing situations. The program is funded, primarily by, the State Community Development Block Grant (CDBG). Funding from the program can be for working capital, inventory purchase, equipment or machinery purchase, real estate purchase, and leasehold improvements. Terms and interest rate are set on a case-by-case basis, and are based on the asset being financed. Loans of less than $50,000 are processed and approved locally. Loans greater than $50,000 require additional approval from the State CDBG Program. The MCEDC assures speedy, effective, and confidential processing of your loan.
For more information please contact Diannah Thomas: 559-675-7768.