Sedona.Biz – The Voice of Sedona and The Verde ValleySedona.Biz – The Voice of Sedona and The Verde Valley
    Sedona.Biz – The Voice of Sedona and The Verde Valley Sedona.Biz – The Voice of Sedona and The Verde Valley
    • Home
    • Sedona News
    • Business Profiles
    • Opinion
    • Mind & Body
    • Arts
    • Elections
    • Gift Shop
    • Contact
    • Advertise
    Sedona.Biz – The Voice of Sedona and The Verde ValleySedona.Biz – The Voice of Sedona and The Verde Valley
    Home » VVREO Offers Loans to Small Businesses
    Verde Valley News

    VVREO Offers Loans to Small Businesses

    June 23, 2016No Comments
    Facebook Twitter Pinterest LinkedIn Email Reddit WhatsApp
    Share
    Facebook Twitter LinkedIn Pinterest Email Reddit WhatsApp

    logo_verdevalleyregionaleconomicorgSedona AZ (June 23, 2016) – The Verde Valley Regional Economic Organization announced this week that it received $605,000 of federal loan and grant funding to benefit small business owners of the region.

    The funding was awarded by the United States Department of Agriculture to six economic development groups, which will each receive $605,000 through the Intermediary Relending Program to capitalize low-interest loan funds for business projects in rural communities.

    The funding will be distributed through VVREO’s Revolving Loan Fund (RLF), which assists aspiring small business owners.

    20160623_vvreo“The intention of both programs is to provide financial resources to companies that otherwise would not have access to capital,” said VVREO Board member Casey Rooney. “A major component of the program is the requirement that companies receiving funding will add value in the form of jobs and business growth for our local Verde Valley region.”

    The RLF consists of two different funding mechanisms from the United States Department of Agriculture (USDA), Rooney said. One is the Rural Business Development Grant (RBEG). The other program is the Rural Microentrepreneur Assistance Program (RMAP). The RMAP is a low interest loan ($500,000) provided to VVREO to be used as a lending mechanism again for small entrepreneurial companies. VVREO can lend a maximum of $50,000 for each loan to companies with 10 or fewer employees.

    In addition to the $500,000 loan, VVREO also received a $105,000 grant to be used for technical assistance. 

    Sedona Gift Shop

    Rooney said businesses can apply anytime and that the program funding is available now. He also said the process is efficient and the time to process a loan is limited by the client’s ability to provide accurate information. 

    “We can review a loan package within a few days and report back to the applicant if they meet our requirements. If they meet our requirements, we expect the average loan processing time to not exceed 90 days,” said Rooney.

    VVREO focuses on economic development to provide good jobs, wealth and a better quality of life for the Verde Valley citizens.

    “We are proud to offer small business owners the opportunity to achieve their dreams, to help them grow and to help create jobs in the Verde Valley. It’s a great time to be an entrepreneur in the region,” VVREO Chair Jennifer Wesselhoff said.

    For more information or to apply for the RLF visit vvreo.com under Small Business Loans.

    Comments are closed.


    The Symbolism of Jan. 6

    By Tommy Acosta
    Don’t mess with symbols. Just ask author Dan Brown’s character Robert Landon. The worth of symbols cannot be measured. Symbols make the world-go-round. Symbols carry the weight of a thousand words and meanings. Symbols represent reality boiled down to the bone. Symbols evoke profound emotions and memories—at a very primal level of our being—often without our making rational or conscious connections. They fuel our imagination. Symbols enable us to access aspects of our existence that cannot be accessed in any other way. Symbols are used in all facets of human endeavor. One can only feel sorry for those who cannot comprehend the government’s response to the breech of the capital on January 6, with many, even pundits, claiming it was only a peaceful occupation. Regardless if one sees January 6 as a full-scale riot/insurrection or simply patriotic Americans demonstrating as is their right, the fact is the individuals involved went against a symbol, and this could not be allowed or go unpunished. Read more→
    Recent Comments
    • Terrie Frankel on 2023 Welcome Home Vietnam Veteran’s Day Tribute in Camp Verde
    • Blair C Mignacco on SB1100 Would Increase the Allowable Weight of OHVs
    • Jon Thompson on SB1100 Would Increase the Allowable Weight of OHVs
    • JB on The Symbolism of Jan. 6
    • Sean Dedalus on The Symbolism of Jan. 6
    Categories
    © 2023 All rights reserved. Sedona.biz.

    Type above and press Enter to search. Press Esc to cancel.