$878K AVAILABLE TO BUSINESS OWNERS AND STARTUPS IN VAN BUREN

Van Buren County is accepting applications for its revolving loan fund. Revolving loan funds provide the money existing businesses or startups need when they can’t get fully funded by a traditional lender. Specifically, funds can be used as working capital to purchase inventory, for new equipment purchases, or for the construction or acquisition of real property. Loans can range from $10,000 to hundreds of thousands of dollars and must be used for investment in Van Buren County.

The Kinexus business development team is available to help entrepreneurs with the revolving loan fund application process at no cost. Depending on the stage of the project, this could include business plan development, making connections to other lending sources, and submitting the application for review.

Kinexus Executive Director Todd Gustafson says his organization has been working with the county for about a year. “We are excited to grow businesses and create jobs in Van Buren County by walking entrepreneurs through this process,” he said.

Once approved by the Van Buren County Economic Development Corporation Board, applications move to the County Board and the Michigan Economic Development Corporation for final approval. Depending on circumstances, the process takes between 45 and 120 days.

To learn more about this opportunity, please contact Ryan Simpson, business division director, at Kinexus at 269.927.1064, x1175, or simpsonr@kinexus.org.