The primary purpose of our business financing is to retain and/or create employment opportunities for area residents. We can provide financial assistance to eligible businesses in and around Carroll and Strafford County. It is designed to assist existing and new businesses with limited financing, so actual or threatened job loss can be avoided, or new employment opportunities can be created. Retention and/or expansion of the regional employment base, leveraging of additional financial resources and demonstration of the borrower’s financial ability to repay the loan term are the primary criteria.
To apply for business financing please complete our Loan Application (link below) and submit it to WEDCO. Please include the items listed on page 4 of the Loan Application.
Please visit our Resources section for information on business counseling and assistance, local workshop and training seminars, and links to local chambers of commerce, regional planning commissions, state/federal business resources.
WEDCO MANAGED FUNDS
Revolving Loan Fund (RLF)
Intermediary Lending Program (IRP)
Rural Microloan Revolving Fund (RMRF)
A United States Department of Agriculture Rural Development (USDA-RD), through their Rural Microentrepreneur Assistance Program (RMAP). The primary goal of WEDCO’s RMRF is to help microenterprises start up and grow. RMRF funds are for loans of up to $50,000 with a fixed interest rate. Loans can be used for working capital, debt refinancing, purchase equipment and supplies, as well as improve real estate. The microenterprise has to have 10 or fewer full-time employees and located in WEDCO’s service area.