Mountain CAP of WV Announces New Loan Fund for Businesses

If you are looking to expand your business or start a new one, Mountain CAP has a new loan program that offers loans of up to $50,000 with fixed rates that are 2% below the Wall Street Journal Prime Interest Rate (not to fall below 5.5%).  Mountain CAP also provides technical assistance to local business owners in both a group and individual setting.  Group classes include business plan creation, cash flow projections, filing with the State, packaging loan applications and promoting an existing business.  Individual technical assistance covers a variety of topics depending upon the needs of the entrepreneur.  Mountain CAP has a number of programs designed to assist families and businesses in Upshur, Braxton, Webster and Greenbrier Counties.  For more information on the loan program and technical assistance, contact Laura Meadows, Business Loan Counselor at lbennett@mountaincap.com or call at 304-472-6808 Ext. 202.

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