Bedford Main Street and partners are beginning the process to establish a Zero Interest Loan Program to assist entrepreneurs. The goal is to accelerate the economic revitalization of the Bedford Main Street district by helping implement innovative strategies, plans and programs that create an environment for increased, accelerated private investment.
The No Interest Loan program will be administered by a committee with members coming from the Small Business Development Center at CVCC, Bedford County Economic Development, and the Bedford Area Chamber of Commerce. This group will manage the loan process and determine eligibility requirements, execution processes, and tracking systems. There first meeting is at the end of March.
It is projected that the No Interest Loan program will be active by Summer 2016.