Back to Top


Loan Programs

The Lake County Economic Development Corporation (LCEDC) works with a regional network of lenders to access flexible business capital. The LCEDC utilizes the United States Department of Agriculture’s (USDA) Intermediary Relending Program (IRP) to provide financing to local businesses and the USDA’s Rural Business Development Grant Program (RBDG) to provide technical assistance to Lake County businesses.​​​​​​​

IRP Loan Program

LCEDC participates in the USDA Rural Development Intermediary Relending  Program (IRP).
This loan program provides gap-financing to startup and existing businesses in Lake County who need capital and are creating jobs.
•    Loan amounts range from $10,000 to $150,000.
•    Loans will be collateralized (real estate and/or UCC filings on equipment).
•    Loan terms are from 1 to 10 years.

Eligible uses for loan funds:
•    Purchase of equipment, inventory, and real estate.
•    Leasehold improvements.
•    Working capital.

Recycling Market Loan Program and Business Assistance

The RMDZ program offers eligible businesses below market terms financing for new development and expansion projects, technical assistance and free product marketing. The Lake/Sonoma/Mendocino Zone offers substantial benefits to potentially eligible businesses. Benefits include:

Attractive Loans
•    Loans of up to $2 million or 75% of project costs, whichever is less
•    4.0% interest rate (current as of 05/2010)
•    Funds may be used for equipment, permanent working capital, leasehold improvements,       and up to $1 million dollars for real property acquisition.

Technical Assistance
•    Locating manufacturing materials (feedstock)
•    Finding markets for products
•    Providing current market conditions/trends
•    Evaluating technology and equipment
•    Creating relationships with industry contacts, local recyclers, and waste haulers
•    Providing geographical data on demographics, waste streams, and economics

Product Marketing
•    Free product marketing on RecycleStore , an online site that links buyers in direct contact with recycling-based manufacturers.