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Community Development Block Grant Program

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Loan requests are submitted to the regional BLF Directors in their respective regions. These loans may be used to start a business, expand or stabilize an existing business. Usually, there is a job retention or job creation requirement of one job for each $20,000 in loan funds requested. At least 51 percent (51%) of all of the jobs created and/or retained must generally be filled with persons that qualify as low to moderate income persons. A business plan, pro forma projections, and historical and recent financial statements are requirements of the application process, in addition to other necessary information. Subject to Governor’s Financial Review Committee approval and funds availability.

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