Small Business Development/RLF
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Small Business Development/RLF Innovative Senior Solutions, Cordele, GeorgiaIn September 2010, two registered nurses, Eshonda Blue and Jessica Wright, approached the River Valley Area Development Corporation for financing of an Adult Day Care Home (ADCH) to be located in Cordele, Georgia. Innovative Senior Solutions (ISS) received an $18,750.00 loan through the EDA Revolving Loan Fund (RLF) and the company injected $6,250.00. June 2016 |
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Small Business Development/RLF Hardware Hank, Ortonville, MinnesotaBob and Sue Kulbeik wanted to open a hardware store in their town of Ortonville, Minnesota but lacked the capital. They sought funding from the Upper Minnesota Valley Regional Development Commission and other lenders to get the business going. They received a $66,000 Revolving Loan Fund (RLF) and were able to open Hardware Hank, which provides products for painting, plumbing, electrical, and basic hardware. The business created 5 jobs in the community. June 2016 |
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