Umatilla Electric’s Revolving Loan Fund Available to Local Businesses

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Looking to grow your business? The Umatilla Electric Cooperative Revolving Loan Fund may be able to assist you.

Eligible projects for loans can include any business venture, governmental public body, or entities involved in a community or economic development project that promotes job creation and/or provides needed community services that benefit rural areas, including loans to for-profit businesses and loans to not-for-profit entities. Uses of UEC’s Revolving Loan Fund proceeds may be for land, fixed assets, machinery and equipment, or working capital needs. Working capital loans will only be considered in conjunction with the purchase of other assets as previously specified.

(SEE ALSO: UEC LOBBY RE-OPENS TODAY TO PUBLIC)

The program can help with establishing a new business, expanding an existing business, create jobs, save existing jobs and develop community projects.

The minimum loan amount is $5,000 and the maximum is $360,000. Projects must include a minimum of 20 percent funding from other sources.

For more information, the UEC website.

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