Revolving Loan Fund for Small Business Development in Burke County

Organization:

Town of Valdese

Amount:

$250,000.00

Program Area:

Community Assistance Initiative

County of Applicant:

Burke

Year:

2010

Description:

The Town of Valdese will extend its existing revolving loan program to target new and existing small businesses throughout Burke County for the purpose of increasing and retaining jobs. This revolving loan fund is expected result in 25 direct jobs created or saved with the initial round of loans. Western Piedmont Community College’s Small Business Center and Burke Development, Inc. will provide support and guidance for new, at-risk and expanding businesses.

Contact:

Mr. Jeffrey V. MorsePO Box 339Valdese, North Carolina 28690(828) 879-2116

Areas Served:

Burke

Any project more than a couple of years old may not reflect current Board priorities.
Please contact a staff member with any questions.