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Business Development Focus
One of the primary goals of EAPDD is to enhance job creation by private sector businesses in the 12-county region. In order to contribute to this goal, the District provides financial assistance to individuals and companies for the purpose of starting or expanding businesses.
The District administers two revolving loan programs; one has been capitalized by the Economic Development Administration (EDA), U.S. Department of Commerce, while the second is funded by the Department of Agriculture, Rural Development Administration.
Both loan programs are designed for financing new business expansion opportunities, which will result in the creation of new jobs. Eligible activities for investments are generally the same for both programs, ranging from retail to manufacturing to a broad spectrum of service industries. The major differences in the two loan programs are eligible service area and maximum loan amount. In some cases, the two loan programs can be used to jointly fund an eligible project up to a maximum combined loan of $350,000. All loan applications are reviewed by EAPDD's Loan Review Committee, which has the final decision-making authority.
For more information about EAPDD small business loans, contact Melissa Rivers, Executive Director:
- Phone: (870) 932-3957
- Fax: (870) 932-0135
- Email: click here
Once it has been confirmed that you are eligible for an EAPDD loan, we will ask you to fill out a loan application form.