Loans & Grants Program Guidelines

$500,000 of funding for small business loans

  • $50,000 provided by Columbia County from its American Rescue Plan Act (ARPA) funding
  • $450,000 provided by CEDC to provide business support programs and technical assistance


  • Business operations in Columbia county
  • Minimum of 2 years in business
  • 25 employees or less
  • Credit eligible business owners
  • Exceptions on a case-by-case basis and must be approved by the CEDC Board of Directors Loan Committee


  • Up to $25,000 loan

  • Grants equal to 10% of the approved loan amount capped at $2,500 per borrower

  • Funds can be used for purchase of equipment & inventory, working capital, employee training

  • 3.75% interest rate
  • Up to 10 year term
  • Subject to CEDC underwriting policies

For information on applying contact:

Martha E. Lane
Columbia Economic Development Corporation