Borrowers will benefit from a low down payment and long terms that are available through the program. Also, the wide variety of uses will allow borrowers a great deal of flexibility that may not be available through other sources.
The CLP Program involves a direct loan from the ETRDC to borrowers. The borrowers injection can be as low as 10%.
Businesses located in the East Texas region served by the East Texas Council of Governments. We serve Anderson, Camp, Cherokee, Gregg, Harrison, Henderson, Marion, Panola, Rains, Rusk, Smith, Upshur, Van Zandt, and Wood counties.
The ETRDC is limited to a maximum loan amount of 90% of the project. Loans can range in size from $30,000 to $250,000.