MDC administers the Intermediary Relending Program (IRP) and Revolving Loan Fund (RLF) for Meeker County. These programs are considered “GAP Financing”, meaning that these funds make up a portion of a larger loan. It a requirement to have a bank involved in the loan as well as your equity. An example of this type of financing may look like this, 20/60/20 meaning 20 percent equity by owner, a 60% loan from your preferred bank, and 20 percent funded by IRP and or RLF. These programs both have similar guidelines for application. In general land, buildings, equipment, can be used in the loans. Please look below for the particular program.
We at MDC are committed to help you with your loan packaging and will work to get you the best loan package for your company’s needs.