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Orange County Small Business Loan Program
The Small Business Loan Fund was established several years ago by the county’s Economic Development department to support the growth of local businesses and is available to Orange county residents with an equity contribution of at least 15% in the business. The loan fund is managed by a Board of Directors comprised of small business owners, bank representatives and representatives from several County departments. See below for additional information on eligibility requirements and application procedures
Small businesses are commonly considered to be the main jobs creation force in the economy – according to the SBA office of advocacy, small businesses have generated between 60 and 80% of net new jobs annually over the past 10 years, therefore one of the most effective means of creating jobs is to provide these small businesses with much needed capital.
Orange County is fortunate to be home to a great number of entrepreneurs, and the County Commissioners have taken decisive action to support the growth of this very important component of our economy.
Loan Guidelines Loan Application Personal Financial Statement
Orange County’s Small Business Loan Program is a revolving loan fund designed to foster small business development and expansion of local companies that may have limited access to conventional financing. This program is open to small businesses located in Orange County with gross revenues of less than $3 million annually. The program is managed through the County’s Economic Development office and administered by a volunteer board of directors composed of local business owners, bankers and staff representing several Orange County departments.
For more information on this program contact Yvonne Scarlett at Orange County Economic Development, 919-245-2325 (firstname.lastname@example.org).