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The purpose of this program is to assist businesses and industries to maintain or expand employment opportunities in Logan and other rural Oklahoma Counties. LCEDC has been a catalyst for growth in the region with funding provided for new business startups, business expansions and business retention. Many times LCEDC partners with local financial institutions to provide matching funds, and/or with state or federal programs to complete funding structures for local projects.

The Logan County EDC is proud to be an intermediary lender with the USDA helping rural businesses since 1993.  We help rural businesses by loaning money at attractive rates and terms through the USDA Intermediary Relending Program and the Rural Microentrepreneur Assistance Program. 

If your business has a need, let us know and we can help determine which program is the best fit.

Examples of qualifying loan uses:

• Purchase equipment

• Acquire, remodel, repair, and/or convert a business facility

• Purchase or develop land

• Start-up costs

• Working capital

• What does your business need?  We can advise if it qualifies for this program

Maximum loan amount = $250,000

Minimum loan amount = None

Check if your business is located in qualifying area:

• Any area, including a city or town, that has a population of fewer than 50,000 residents.

• The intermediary borrower’s headquarters may be based within a larger city so long as the project service area is located in an eligible rural area.

• Check your project’s location to verify eligibility: https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=rbs

For more information, call Kellian Schneider at 405-877-0220 or email kellian@logancountyedc.org.