Existing businesses who want to expand and entrepreneurs who plan to start a new business in Florence County can apply for small business loans through the Florence County Economic Development office. There are two different loan programs: the Revolving Loan Fund Program (RLF) and the Gemstar Micro Loan Program. Each has slightly different terms and conditions. Both loan programs require submission of a business plan with financial projections. If you have never written a business plan, you can get help from our free business counselor services. The business plan is an important step to determine if your projected revenues will cover all your expenses. The business must have positive cash flow to succeed.
For the full story, see this week’s edition of The Florence Mining News.