Clarification on Urban Plus Program
Legislation was recently enacted (P.L.2017, c.261) that references the EDA’s Urban Plus Program.
Please note that the financing that the law refers to is available under the EDA’s Direct Loan Program. More information about the Direct Loan Program is available here.
EDA direct loans are typically capped at $2 million but, consistent with the terms of Urban Plus, up to $3 million may be available if the applicant is in an eligible location and meets various eligibility requirements.
For more information on EDA Direct Loans or to speak to an EDA Business Banking Officer, please contact Customer Care at 609-858-6767 or firstname.lastname@example.org.