NECOG Development Corporation is an alternative lender for small business financing. A combination of a conventional (bank) loan and the applicant’s equity is expected to provide the majority of the required financing. NECOG can also assist with grant writing.
- Will finance new and existing businesses. Will finance real estate, equipment, inventory and working capital. Loan amounts typically range from $500-$250,000. The term is based on collateral. Will partner with a bank to provide joint financing.
Kelly Weaver with the Small Business Development Center in Aberdeen can assist with creating/updating your business plan. Most financial institutions will ask for a business plan to help determine funding options. Creating/updating a business plan is a free service offered through the SBDC. I am happy to help set up a meeting.
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