In 2013 the Effingham County Economic Development Advisory Board established the Revolving Loan Fund Program. The program is designed to assist start up businesses and existing businesses that are looking to expand in Effingham County. Loan proceeds can be used for both fixed asset and working capital purchases, with the idea being that the loans allow the retention and creation of employment opportunities.
The Board is currently accepting applications for new loan recipients. All of the program’s initial money has been loaned out, with the current fund being from businesses paying back their loan. The fund balance is currently at around $21,000. Approximately $2,000 goes back into the program’s fund each month.