Linked Deposit Loan Program (West Virginia)

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Last modified on February 12, 2015.

EZFeed Policy

Place West Virginia


   
Applies to States or Provinces West Virginia
Name Linked Deposit Loan Program (West Virginia)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy
Active Policy Yes

Implementing Sector State/Province



























Program Administrator West Virginia Development Office
Primary Website http://www.wvcommerce.org/business/businessassistance/expandingorrelocating/businessassistance/default.aspx



Last Review 2014-09-15


Information Source http://www.wvcommerce.org/App_Media/assets/doc/businessandworkforce/devo/resource_directory/statewide/state_financial/ST_FI_WV-Linked-Deposit-Fund.pdf

http://www.wvcommerce.org/business/businessassistance/business_resource_directory/statewide/financial_assistance.aspx


Summary

The Linked Deposit Loan Program is targeted at small, private firms with 50 or fewer employees and gross annual revenues of $5 million or less comes. This loan offered through the West Virginia Development Office, comes with an interest rate of 1 percent above published New York Prime and is up to $250,000. Program Sunsets in 2013.



Policy Contact

Contact Name Kevin Twohig, Deputy Director
Department West Virginia Department of Commerce
Division Small Business Development Center




Phone 304.558.2960


Email kevin.b.twohig@wv.gov
Website http://www.wvcommerce.org/business/businessassistance/smallbusiness/default.aspx
     
     


















References