Loan Assistance.

Valley Heartland CFDC administers a local investment fund to help finance new or existing small business for start-up, expansion or stabilization plans that help maintain or create jobs.

Repayable financing of up to $150,000 on commercial terms loans, loan guarantees, or equity investments, is available when financing from other sources is insufficient or unavailable. All financing decisions are made at the community level by our local Board of Directors.

Contact us to learn more about applying for Loan Assistance or download a copy of our Application for Financing. Like any application for a business loan, a certain amount of detail will be necessary both on the application and through supporting documents. In order for an application to be considered, it must be completed fully, signed and accompanied by the following:

All Applicants:

  • Business Plan with Cash Flow Projection
  • Current Personal Net Worth Statement for each partner / shareholder (and their spouses) with a minimum of 5% ownership; applicant and spouse may alternatively complete a Joint Spouse Personal Net Worth Statement
  • Copy of Business Registration
  • Non-Refundable Application Fee of $75.00, payable to Valley Heartland CFDC (if application is approved there is an administration fee of 1% of approved loan value less $75 application fee)
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After review of your business plan, additional documentation may be required, such as:
  • Articles of Incorporation
  • Partnership Agreement
  • Copy of Birth Certificate(s) of the Principal(s)
  • Curriculum Vitae for Principals/Officers
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For Existing Businesses:

  • Financial Statements for the past 3 years
  • Aged Listing of Accounts Receivable and Accounts Payable
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The business applying for financing must also meet the following criteria:

  • The business must be inside our service area
  • The financing should be used for the ultimate purpose of job creation or maintenance
  • The business will have exhausted all other avenues for financing

The Valley Heartland CFDC Loans Officer is available to answer any questions you may have and assist you through the application process. Send an email to the Loans Officer.