Fuquay-Varina Economic Development Commision, Inc.

Phone: (919) 753-1031 | Search

Creating Economic Prosperity in Southern Wake County

Revolving Loan Fund

Fuquay-Varina Economic Development Commission, Inc. Revolving Loan Program

The Fuquay-Varina Economic Development Commission, Inc. (FVEDC) continues to partner with the Town of Fuquay-Varina Economic Development Department and Town Officials to locate, grow and promote your business while creating a better environment for your business to prosper.

The FVEDC works to assist businesses that want to grow or re-locate within the Town of Fuquay-Varina by coordinating efforts and resources available through the FVEDC, Town’s Economic Development Department and other public/private stakeholder groups that can assist you in your business endeavors. Any business wishing to operate in Fuquay-Varina should contact the Town of Fuquay-Varina’s Economic Development Department and ask how the new Town’s Assistance Business Program can help facilitate and streamline your business needs and requirements.

The FVEDC Revolving Loan Fund Program (FVEDC-RLF)

The FVEDC is dedicated to assisting potential business operators and keeping existing business owners informed on cost-effective ways to operate their business within the Town. The FVEDC’s Board of Directors is composed of business development professionals that work to continuously develop means that will provide assistance to qualified companies that want to relocate or expand within Fuquay-Varina.

The FVEDC has a commitment to helping businesses identify financial resources to assist with capital building construction/renovations costs to purchasing equipment needed to operate your business. The FVEDC-RLF provides assistance for businesses looking to borrow funds at a low-interest rate for operating capital, machinery/equipment and new building construction/renovation. The minimum loan amount is $5,000; the maximum loan amount is $75,000.

Projects are selected on a case-by-case basis and will be evaluated on the projects potential amount of capital investment and job creation. The FVEDC Board of Directors are responsible for recommending a project for funding while also evaluating the borrower’s ability to repay loan financing.

Click HERE for a FVEDC-RLF Application (Coming Soon)

Before submitting a FVEDC-RLF Application, please have the following items ready:

  1. Business concept and project plan

  2. Identified Project Scope/Budget to include project sources & Uses (committed/identified funding)

  3. Market analysis and adequate feasibility studies

  4. Ability to repay loan financing

Once you contact the FVEDC, the FVEDC will schedule a meeting with you to discuss the next steps in your project.

For further information please contact Jim Seymour, Executive Director of the FVEDC at (919) 753.1031 or info@fvedc.com