Middletown, CT – The Middlesex County Revitalization Commission (MCRC), a Department of Economic and Community Development lending partner, announces a unique loan opportunity for small business owners. The MCRC is offering loans in amounts from $10,000 to $100,000 for a 10 year term, at a fixed 4% interest rate. Applications submitted by April 1st are guaranteed a loan decision by April 30th. To qualify businesses must be located in Middlesex County and be in business for one year or more at the time of the application. Loan proceeds may be used for the purchase of inventory, equipment, building improvements or for employment expansion or working capital.
Why choose the Middlesex County Revitalization Commission as your business lender? The MCRC is not a traditional commercial lender. The MCRC Board of Directors is made up of First Selectmen, Town Managers, and Economic Development Professionals representing each of the 15 towns in Middlesex County with a focus on helping small business to thrive. In addition, a staff of business consultants and mentors from the Small Business Development Center and the Middlesex County Chamber of Commerce are there to guide and support you throughout the term of your loan and beyond. For more information, contact MCRC Administrator Paul M. Hughes at (860)347-6924.