Business Loan Incentive Program

The Coalinga Redevelopment Agency has established a Business Loan Incentive Program (BLIP) to assist and encourage correction of code violations for affected businesses. Partnering with Valley Small Business Development Corporation (VSBD), the Agency will provide funding up to 50% of that which is needed to correct code deficiencies to a maximum of $50,000.  The Agency's loan bears simple interest at 3% for a term of 10 years.  Requests for up to 100% may be considered on a case-by-case basis by the Redevelopment Agency Board.

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