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The RMDZ Loan provides direct
loans to businesses that use post-consumer or secondary waste
materials to manufacture new products. To be eligible, the business
must be located in a designated Recycling Market Development Zone.
Each eligible business may borrow up to 50% of the cost of a
project, with a maximum of $1,000,000. Interest rates are fixed for
the term of the loan, which is not to exceed 10 years. Loan
applications are considered by the Board quarterly. Funding cycles
being in January, April, July and October. Businesses applying
should have record of being in business for three years. To find
out more about the application process:
Please contact:
Economic Development Department: Jose Bazua (323) 887-1393
updated: 6/3/02
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