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Business Lending
Renaissance Community Loan Fund extends credit to start-ups, as well as to established businesses through its Commercial Lending Program. While specific terms are detailed in this program description, we will work with you to tailor a loan to meet your specific needs to assist you in establishing or expanding your successful business.
Purpose: To provide financing to businesses for working capital needs, equipment financing, leasehold improvements and real estate financing.
Target Area: State of Mississippi
Loan Terms:
Interest Rate: Varies depending on market rates, risk, and loan term. May be fixed or variable.
Other Services: Technical Assistance Services are provided to business owners regarding loan structure, loan application preparation and guidance for writing a business plan. We will also work with any existing provider of technical assistance.
Ineligible: Renaissance will not consider any application that does not include job creation or current job retention. Due to prior restrictions, Renaissance cannot finance casinos, race tracks, liquor stores, massage parlors, farms or financial businesses. Beyond that, the possibilities are limitless.
For more information, please contact Vickie Rivers, Janice Marsh or Ronnie Emile at (228) 896-3386 or by email at businessloans@rclfms.com.
Purpose: To provide financing to businesses for working capital needs, equipment financing, leasehold improvements and real estate financing.
Target Area: State of Mississippi
Loan Terms:
- Working Capital Line of Credit: 12 months, interest payable monthly
- Equipment Financing: Amortized terms up to 5 years of the life of the equipment
- Leasehold Improvements: Amortized terms up to 7 years
- Real Estate: Amortized term up to 20 years
Interest Rate: Varies depending on market rates, risk, and loan term. May be fixed or variable.
Other Services: Technical Assistance Services are provided to business owners regarding loan structure, loan application preparation and guidance for writing a business plan. We will also work with any existing provider of technical assistance.
Ineligible: Renaissance will not consider any application that does not include job creation or current job retention. Due to prior restrictions, Renaissance cannot finance casinos, race tracks, liquor stores, massage parlors, farms or financial businesses. Beyond that, the possibilities are limitless.
For more information, please contact Vickie Rivers, Janice Marsh or Ronnie Emile at (228) 896-3386 or by email at businessloans@rclfms.com.
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