Economic Development Authority Accepting Loan Applications

THE V.I. ECONOMIC DEVELOPMENT AUTHORITY
is now accepting applications for the following loan programs:
GOVERNMENT DEVELOPMENT BANK:
• Micro-Credit Loan Program — Maximum direct loan of $50,000 @5%
• Intermediary Relending Loan Program — Maximum loan of $100,000 @9.5%
SMALL BUSINESS DEVELOPMENT AGENCY:
• Economic Development Administration Loan Fund — Maximum Direct Loan of $75,000 @9.5%
• Small Business Development Loan Program — Maximum Direct Loan of $100,000 @9.5%
• Farmers and Fishermen Loan Program — Maximum Direct Loan of $17,000 @4%
• Frederiksted Loan Program — Maximum Direct Loan of $20,000 @9.5%
V.I. ECONOMIC DEVELOPMENT AUTHORITY
1050 Norre Gade, No. 5
Charlotte Amalie
St. Thomas, VI 00802
Tel: (340) 714-1700
Fax: (340) 773-9263
and
No. 4 King Street
Frederiksted
St. Croix, VI 00840
Tel: (340) 773-2161
Fax: (340) 773-9263
Website: www.usvieda.org
Please contact the V.I. Economic Development Authority at one of these locations from Monday through Friday, 8:00 a.m. – 5:00 p.m.