PATRICIA SCOTT, CEDFP, CHDFP
Program Manager,
Asset Development Programs
304.768.1300
"KISRA's Small Business Loan Program helped to give my business what it needed most…Freedom."
Michael F. Koon,
KISRA Economic Empowerment
Success Story
Asset Development
Business Microloan
Need a Loan to Start or Grow Your Business?
Loan Range as low as $1,000 up to $50,000
The KISRA Microloan Program offers a loan product that is available to businesses that are expanding and creating jobs in West Virginia. Loans range from $1,000 to $50,000. The maximum loan term is 6 years. Interest rates shall be up to 8.5% (based on credit).
Eligibility
Businesses that employ 25 or fewer persons or self-employed individuals:
-
Organized for profit
-
Have a current business license
-
In good standing on all taxes, sales taxes, unemployment taxes & workers’ compensation premiums
Eligible Use of Funds:
-
Working Capital
-
Inventory
-
Supplies
-
Furniture
-
Fixtures
-
Machinery
-
Renovations
-
Equipment
Non-Eligible Use of Funds:
-
Refinance existing debt
-
Down payment purposes
-
Purchase real estate
-
Purchase buildings