Jumpstart James Island – Small Business Loan Assistance Available
Now Accepting Online Applications
Jumpstart James Island now accepting online applications for Small Business Working Capital Loans! This is a partnership with the Charleston LDC, a community development financial institution.
Please visit http://www.jamesislandsc.us/small-business-loan-program to learn more about the program and to apply online.
Program Details
The Town of James Island, in partnership with the Charleston LDC (a community development financial institution) launch “Jump Start James Island”.
Jumpstart James Island is a program Town Council approved in Sept. of 2020 to provide low-interest working capital loans to small businesses within the Town’s jurisdiction that have been negatively affected by the COVID-19 pandemic. The Town understands small businesses cannot benefit from the federal loan assistance programs because of their restrictive guidelines, high minimum loan amounts, and loans being for asset-related items (assets that private lending institutions use as collateral).
Loan amounts range from $2,500 to $25,000 and businesses must be located within the Town of James Island’s jurisdiction and employee less than 25 people. Please see the attached document for a complete overview of the program, eligibility criteria, and loan parameters.
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