If you have an idea for a startup business, or need to expand your business, the Council’s Revolving Loan Fund (the “RLF”) can help.
The primary objective of the Revolving Loan Fund is to increase and/or create full time, quality, year round employment opportunities, as well as stabilize existing employment opportunities in the area served by the Mt. Washington Valley Economic Council. In addition, the RLF strives to expand environmentally friendly light manufacturing, strengthen the existing recreational and retail industries, and reduce the seasonality of employment.
In many cases, a public-private partnership is a key to the success of the RLF. The RLF funds often complement funds from other sources and as such, the RLF will provide gap financing for business endeavors which otherwise might be unable to secure financing.
Here’s what you will need to do:
- Call MWVEC and set up an appointment to discuss your plans.
- Complete a business plan and cash flow*
- Submit an application
- Authorize a Credit Check
- Prepare to present your request to the Revolving Loan Fund Committee
*MWVEC and its partners can assist you in the preparation of these documents.