2021 California Tire Workshop Series and Presenters
RMDZ Loan Program General Criteria RMDZ • Maximum loan amount per application: $2,000,000 • Maximum borrowing per business: $3,000,000 • Loan Fee: $300. • Loan Closing Points: ½% of loan amount • Interest Rate: 4% Fixed • Loan Term: 10 Years. 15 Years if secured by Real Estate. • Eligible Applicants: Private and non-profits. • Permitted Fund usage: Machinery & equipment purchases, working capital, Real Estate & Real Estate improvements (all related to increased diversion & recycled content products).
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