King County manages an $8 million revolving float loan program designed to assist certain projects deemed beneficial to local economic development or low income housing. Intended as interim financing, the loans may be used to provide working capital or to purchase fixed assets. The term is typically one to two years and the interest rates are negotiable but usually run 2-3 points below a borrower's normal cost of funds.
For more information about the CDIL program, contact the King County Economic Development Program at (206) 205-0713.
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