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Yes. The loan may be paid in full anytime throughout the 36-month loan period. There is no penalty for early repayment.
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Yes. Payments will begin 120 days after dispersal.
You can apply for a loan up to $6,000.
Yes. Eligible Expenses include existing machinery & equipment payments, payroll, rent, utility expenses, insurance payments. Ineligible Expenses include new purchases and new debt. Other sources of funds and the application of use will be considered in the loan processing.
Sorry, the loan is per business, not location.
No. We encourage Green businesses to apply for all Federal, State and regional loan and grant programs that may benefit your business. See our resource page for details on programs available.
No. This loan program is available for sole proprietors as well as businesses with any number of employees.
Sorry, but the business must be located within the City of Green.
We encourage you to ask for your maximum needs up to $ 6000.00
The goal will be to review and respond within 20 days.
Please visit the Green CIC’s Webpage and request the loan application. You will be sent a secure e-mail and instructions on how to submit your application securely.
The interest rate is zero percent.