MICROLOAN: The Microloan program lends up to $35,000 at two percent over prime for up to 6 years to be used for almost any business start-up or expansion purpose within Berkeley, Charleston, and Dorchester counties except to refinance existing debt, acquire real estate or improve applicant-owned real estate. A business applying for a Microloan must be unable to obtain the financing elsewhere. SMALL BUSINESS INCENTIVE LOAN PROGRAM: Provides up to $50,000 at an interest rate tied to the prime rate for up to 10 years to disadvantaged businesses for start-up or expansion within Berkeley, Colleton, Charleston, and Dorchester counties. Loan proceeds may be used for almost any business-related purpose, including the improvement of real estate. LDC REVOLVING LOAN FUND (LDC RLF): Provides loans at an interest rate tied to the prime rate for up to 10 years to businesses within the City of Charleston for fixed assets and working capital. The project must create and/or save an average of one job for each $20,000 loaned. The project must also leverage private investment of at least $2.00 for every $1.00 of LDC RLF investment. GAP FINANCING: Provides a small percentage of financing for a project or business to fill the financing “gap” which exists after an equity injection and commercial financing have been committed. Projects are considered on a case-by-case basis. RURAL REVOLVING LOAN FUND: Provides loans at an interest rate tied to the prime rate for up to 10 years to businesses for fixed assets working capital, inventory, supplies, fixtures, furniture, machinery and equipment. The project must be located in the rural areas of Berkeley, Charleston, Colleton and Dorchester Counties. Eligible areas are defined as those outside of cities with a population of 50,000 or more and their adjacent boundaries. Website www.charlestonldc.com Mailing Address 75 Calhoun Street, Third Floor Charleston, SC 29401 Telephone/Fax 843-724-3796 (phone) 843-724-7354 (fax) Email Contact rourkc@ci.charleston.sc.us ˆˆTopˆˆ

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