wyomingcounty.com
WestVirginiaSmall Business Loans
Micro-Loan Program
About the Wyoming County Economic Development Authority
The Wyoming County Economic DevelopmentAuthority (WCEDA) has been serving Wyomingand the surrounding counties’ business needsforoveradecade.The WCEDA has lent over $9 million to our West Virginia neighbors.
During the economic slowdown and resultingcredit crunch, the WCEDA recognized a needtofill the lendinggapthroughoutWestVirginia.Withoutaccess to lowercostcapital evensuc-cessful businesses are at risk. So, the WCEDAhas expanded their lending programs toinclude allWestVirginiabusinesses.
Other Services Availablethrough the WCEDA and our Partnersn Freebusinesscounselingand
planningassistance
n Workforcetrainingassistance
n SmallBusinessFundandRevolvingLoanProgram
n Largerloansthroughpartnershipswithbanksandotherlendinginstitutions
To learn how the Wyoming County EDA can help your business succeed, contact:
Phone: (304)732-6707Fax: (304)732-6963Email: [email protected]
P O B O X 1 8 2 8 , P I N E V I L L E , W V 2 4 8 7 4
Get The Help You Need.
DoyouownasmallbusinessinWestVirginia?Ifso,chancesareyoucouldusesomehelp.Whetheryouhaveaneedforequipment,reno-vation, or working capital, let the WyomingCountyEDAlendahand.
We offer great rates on loans state-wide.Loans are also available to those looking tostartanewbusiness.
Applyonlineatwww.wyomingcounty.com
TourismService ProvidersRetailManufacturingHospitalityHealthcareProfessionalsand Many Others!
Available Statewide!
Small Business Loans for any business need,including:
wyomingcounty.com
Loans from $1,000 – $35,000
for West Virginia Businesses
Eligibility
n Neworexistinglegalbusiness
n LocatedinWestVirginia
n Currentonstatetaxes
n Must meet all loan application policies
n Anytypeofbusinessfinancingneed
Loan Detailsn InterestratesaslowasPrime Rate
n Termsupto6years
n Loansfrom$1,000 – $35,000
n Applicationfee$75
n Closingcosts$500
n 90daysbeforefirstpayment
n Collateralrequiredforallloans
n Personalguaranteerequiredforallloans
Loan Application Process
1. RequestLoanApplication—byphone,onlineoremail.
2. CompletecreditreportandstatetaxformandmailtotheWCEDAwithacheckforthe$75non-refundableapplicationfee.
3. ReviewcreditreportandstatetaxreportwithWCEDArepresentative.
4. Completeloanapplicationsandsendinalldocumentslistedonchecklist.
5. ReviewloanapplicationdocumentswithWCEDArepresentativeandmakechangesasnecessary.
6. Loanboardmakesdecisiononapplicationandnotifiesloanapplicant.
7. Ifapproved,WCEDArepresentativeworkswithborrowertoprepareclosingdocu-mentsandtoscheduleaclosing.
Loan Payments
Thisisaloanprogram—not a grant program
nCollectionsareaggressivelypursued
n$10latefeeassessedafter10days
nCollectionsmaybeginafter90days
Apply Today! Simplyclickonthe“LoanApplicationForm”undertheEDAtabatwww.wyomingcounty.com.
This is an Equal OppOrTuniTy prOgram. DiscriminaTiOn is prOhibiTED by FEDEral law. cOmplainTs
OF DiscriminaTiOn may bE FilED wiTh ThE sEcrETary OF agriculTurE, washingTOn D.c. 20250
Members of Wyoming County EDA’s friendly staff are on hand to answer any questions you may have.
West Virginia Micro Loan Program
Financingandtechnicalassistancedesignedtostimulatestart-ups,fosterexpansion,andincreasecreationandretentionofjobsstate-wide.
PrograminitiallyfundedthroughagrantfromWVSBDC.
Loan Can Be Used For Any Business Need Including:
n Renovationn New Constructionn New Equipment
n Working Capitaln And Much More!
Forquestionsaboutthisloan,orotheropportunitiesavailablethroughtheWCEDA,call(304)732-6707.
Loans from $1,000 to $35,000
Free Technical/Loan Application Assistance
The Wyoming County EDA is located in Pineville, WV—right in the heart of beautiful southern West Virginia.
Loans AvailableStatewide
Interest Rates as low as Prime Rate