CEZC Micro Loans

The Micro Loan Program provides up to $35,000 for new and existing businesses. Funding can be used for start-up costs. This loan program has already assisted more than 35 small businesses with funding to establish or expand their operations.

Use of Funds: Funds may be used for inventory, supplies, furniture, fixtures, machinery, equipment, minor renovations and working capital. The funds cannot be used to refinance existing debt.

Loan Amounts: Under the Micro Loan Program, small businesses can borrow up to $35,000.

Borrower’s Equity: A minimum of 10% is required; however, use of funds determines the amount required.

Rates and Terms: The Interest rates and terms are is fixed and is set by the Cumberland Empowerment Zone Corporation (CEZC) Board of Directors. There is a maximum term of 7 – 10 years subject to the useful life of the asset.