Tag Archives: revolving loans

The UCDD received the largest amount of money in the state for its revolving loan program to help local businesses. Director of Economic Development Megan Choate said they received over $5 million dollars thanks to additional CARES Act money through the Economic Development Administration. Choate said the UCDD got nearly five times more money allocated than the next highest recipient. ... Read More »

The Upper Cumberland Development District is offering revolving loans for businesses struggling from the pandemic. The UCDD has offered this program before, but Executive Director Mark Farley said they’re receiving double the amount of federal funding, some $5 million. “When we get this new money in, we’ll be making that at a very low interest rate,” Farley said. “About one ... Read More »