Huckleberry Press 063016

Page 10 Huckleberry Press June 30, 2016
“Without TEDD,
we would not
have received
funding to
grow our
business”
Peter Griessman
Woodworker Network
Addy, WA
LOANS FOR THE SMALL
BUSINESS ENTREPRENEUR
Colville, WA, June 24,
2016 – Does your startup
business need a loan,
but you are unable to
find funding? Tri County
Economic Development
District (TEDD)
helps small businesses
become strong and well
supported by providing
financing for existing
and start-up businesses
which do not qualify for
a traditional loan.
Peter Griessman, a client
of TEDD and owner
of Woodworker Network
in Addy, WA, explained
that “without TEDD, we
would not have received
funding to grow our
business.” Since 1984,
TEDD and the Rural Opportunities
Loan Fund
have been helping small
businesses thrive by utilizing
both state and federal
funding. Steve Hedrick,
owner of Northern
Ales, stated that TEDD
was instrumental in providing
expansion funding
for his business. Hedrick
explained, “TEDD
has connected us to resources
that we would
not have found on our
own, and were helpful
in finding creative solutions
to our needs.”
Loans of $5,000
to $250,000 are typically
available, depending on
your business’s location
and the intended
use of the funds. Also,
the loan amount may
be determined based on
the business’s ability to
meet applicable job creation
guidelines. TEDD
can finance a maximum
of 75 percent of the total
business project.
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