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Business Boost Loan Program

Flexible Funding for Business Expansion

The Business Boost Loan Program provides access to capital for businesses within Fort Bragg city limits. As one of our American Rescue Plan Act (ARPA)-funded initiatives, the Boost program aims to strengthen the local economy by supporting business retention, expansion, and job creation. This revolving loan program will continue to serve businesses in perpetuity - as loans are repaid, those funds will be made available for future loans.

 

​Funds can be used for inventory, equipment, real estate, and construction (prevailing wage may apply to construction projects). Our program offers more flexible terms and lower rates and fees than a market rate loan:

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  • Interest rates from 2.5% - 5%

  • Low loan fees

  • Repayment terms from 2 - 5 years, based on capacity to repay

  • Junior liens are possible

  • Loans range from $10,000 - $200,000​

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