We are excited to share with you a great opportunity provided by the UCEDC – a zero-interest loan program designed to give our small businesses a financial boost without the immediate pressure of repayments.
Here’s what you need to know about this unique program:
- Loans up to $15,000 at 0% interest
- No payments for the first year; after that, the loan amortizes over the next five years
- No collateral required, other than personal guarantee from anyone owning 10% or more
- Available to businesses operating at least one year (have to have at least one year’s tax return for the business)
- Other requirements apply (revenue and #employee limits)
Please visit ucedc.com for more information on eligibility and application details.
