We Provide Loans to Businesses Large and Small

The FCCDC has raised capital from public and private sources to provide "gap" financing for business start-ups and expansions.

Since our beginning, we have provided over $7 million in financing to local businesses through over 250 loans. CDC borrowers have created or retained over 1400 jobs throughout Franklin County!

We particularly seek to lend to manufacturing, agricultural and other natural resource based businesses, artisans, and retail or service businesses located in core downtown areas. Lending to businesses that will create or retain jobs for local residents is a priority.

Our loans range in size from $5000 to $150,000 and are usually combined with other financing, including owner's equity and bank loans. Our typical interest rate for existing businesses is one or two points above prime, fixed for the term of the loan.

We offer several different business loan programs with different loan sizes and eligibility requirements. All potential borrowers use the same application form. We then match the business to the most appropriate and lowest cost source available.