City of Pontiac Loan Program
CEED LENDING has made a commitment to provide $500,000 in loans available for the next 5 years at a fixed interest rate of 5%. Loans up to $50,000 can be used for machinery, equipment, inventory and some working capital.
Pontiac is open for business. With a renewed spirit, the City of Pontiac is on the cusp of rebuilding. To support local small businesses and address a main concern – lack of financing, CEED Lending has stepped up to provide loans to small businesses located in Pontiac.
“It is vital that the City of Pontiac create opportunities for our small businesses to gain access to capital” says Mayor Deirdre Waterman. “We look forward to working with CEED to support as many Pontiac small businesses as possible.”