Revolving Loan Fund
The City of Beaumont has a revolving loan fund, valued up to $750,000, to make low interest loans to small and minority-owned businesses. The program makes fixed asset and working capital loans. The Federal Economic Development Administration approved a grant to capitalize the loan fund.
The Small Business Loan Program has been created to promote small business development and job creation in Beaumont, and to stimulate employment and entrepreneurship among women, minorities, and the economically disadvantaged. The loan program will provide below market rate financing for new and expanding businesses within the City.
Please Visit: http://cityofbeaumont.com/Click2GOV/smallbus.pdf or call (409) 880-3772