Wentworth Economic Development Corporation
Wentworth Economic Development Corporation
Our Business is Helping Business
Our Business is Helping Business
Working with the folks at WEDCO was and continues to be an absolute pleasure. Without the help from WEDCO our dream would have not been possible.
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Revolving Loan Fund (RLF)
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The RLF guidelines allow for expansion and/or relocation loans for businesses that are creating or retaining jobs in the region. Loans are available for business or real estate acquisition, machinery and equipment, renovation/construction, working capital and project gap financing. Other uses may qualify on an individual basis.
Intermediary Lending Program (IRP)
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A United States Department of Agriculture Rural Development (USDA-RD) initiative. The primary goal of WEDCO's IRP is to preserve and create employment opportunities in the region. IRP funds may be used for a business acquisition, real estate acquisition, machinery and equipment, inventory, and working capital. In some instances it may be used for construction and/or renovation. In specific cases, IRP financing can also be used for value-added agriculture or refinance.
Equal Credit Opportunity Notice
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, martial status, age (provided that the applicant has the capacity to enter into a binding contract); and because all or parts of the applicant's income is derived from any public assistance program; or because the applicant has in good faith, exercised any rights under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning this credit is the Federal Trade Commission. If a person believes he or she was denied assistance in violation of this law, they should contact the Federal Trade Commission, Washington, DC 20580.