Clay/Platte Development Corp.

816.468.4989
www.clayedc.com/cpdc.htm

Revolving Loan Fund
This is a direct loan fund from CPDC whose focus is to assist healthy existing eligible small businesses in Clay & Platte counties with “gap” financing (may be used to finance a borrower’s needs that are outside the requirements of other loan programs). Clay/Platte

Development Corporation uses it a lot, but not exclusively, to finance equipment. Loan amounts range from $25,000 to $150,000+. Job creation is a requirement.

The funds may be used for fixed assets, including machinery and equipment, furniture and fixtures, and real estate improvements. Benefits of the program are a low down payment (typically 10%), below market fixed rate, and long-term financing (10 years max).

Eligible businesses are existing for-profit operating businesses in manufacturing, processing or assembling of products; service-business operations; and retail. Start-ups are considered on a case-by-case basis.