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Enterprise Zone Revolving Loan Fund
The Enterprise Zone Revolving Loan Fund (EZRLF) was established to provide incentives for business expansion, job creation, and private investment to businesses located in the City of Fort Wayne's
Urban Enterprise Zone. The EZRLF provides low interest, medium and long term loans to eligible businesses.
You should know that:
· There is a $50 non-refundable application fee.
· The CDC will not refinance existing debt.
· This program has geographic boundaries.
· The maximum amount loaned by the CDC is $50,000.
· The minimum loan amount is $1,000.
· Funds can be used to:
· Start a new business.
· Expand a business.
· Construct a building, expand, or renovate.
· Purchase machinery and equipment.
· The term of the loan is based on the economic life of the asset financed. Generally, this is 15 years for real estate, 5 to 7 years for machinery, and 3 to 5 years for working capital.
For
information on the Urban Enterprise Zone and to see a map of the
boundaries, click UEA.
For more information on
the
Enterprise
Zone Revolving
Fund Loan
Program
call us at 260/427-1127 or contact us
by e-mail at:
Community Development Corporation of Northeast Indiana
last
updated:
10/08/2004
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Community Development Corporation of Northeast Indiana