West Virginia Business Resource Directory

Financial AssistanceR E G I O N A LRegion I Planning and Development CouncilProgram: Region I Revolving Loan FundContactDavid N. Cole, Executive Director304.431.7225davidcole@regiononepdc.orgTargetAudienceFundingQualifying business regardless of sizeFederal, State and LocalTotal available: $119,405.57ApplicationProcessMinimum or maximum amount a participant can receive:Maximum loan of $100,000Applications are accepted at all times.Deadlines: N/ADescriptionEligibleApplicantsRestrictionsThe Region I RLF Program is intended to foster success in those businessventures that do not qualify for 100% of the conventional financing necessaryfor the venture. Working with a participating lending institution, Region I RLFfunds can be used to, perhaps, bridge the gap between what is needed and theconventional financing the applicant qualifies.This program is only open to those businesses that are ineligible for 100% ofthe conventional financing needed for their proposed venture.Davis-Bacon applies to any construction activities funded wholly or in partwith RLF. Inventory, expansion, and equipment are preferable use of funds tocapital.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–25