West Virginia Business Resource Directory

Financial AssistanceR E G I O N A LMarion Regional Development CorporationProgram: SBA Microloan Program through Washington County Councilon Economic DevelopmentContactSharon Jones Shaffer304.333.MRDC (6732)director@marionrdc.comwww.DoBizInMarion.comTargetAudienceFundingStart-ups and small businesses.FederalTotal available:ApplicationProcessMinimum or maximum amount a participant can receive:$5,000 minimum and $35,000 maximum.The application package includes a loan application, a business plan, a creditcheck authorization, and tax return. Applications are reviewed monthly.Deadlines:DescriptionEligibleApplicantsRestrictionsThe loan program is designed to deliver the financing necessary to bring newenterprises and employment opportunities to our region. The MicroloanProgram is for opening or expanding your business, buying inventory,purchasing equipment, and supplemental working capital. Terms forrepayment range for one to six years.This program serves Marion, Harrison, and Monongalia counties in WV alongwith 4 counties in PA.Funds cannot be used for speculation, real estate purchases, to repay previousdebts, or for loan consolidation.W E S T V I R G I N I A D E V E L O P M E N T O F F I C E J–11