Small Business Loans

Golden Triangle Planning and Development District, Inc. (GTPDD) continues to promote economic development through the use of four (4) low-interest revolving loan programs designed to supplement, but not replace, other commercial financing sources such as banks.

Loan program funding may be provided in amounts ranging from $2,000.00 up to $250,000.00 depending on the eligibility of a project.  The interest rate on GTPDD loan programs varies from 2.25% to 5.00% fixed for the entire term of the loan up to a maximum term of fifteen (15) years.

Funding from these programs may be used to provide a portion of the borrowed funds for a project to start a new business or to expand an existing business.  Most of the time, GTPDD will establish a partnership with a commercial bank that will provide the additional borrowed funds.

In order to receive funding through revolving loan programs, the project must create and/or retain jobs with the seven-county district.

For more information, contact Spencer Broocks at (662) 320-2009.