BUSINESS LOANS IN
IOSCO AND ALCONA COUNTIES
The primary objective of the Iosco County Economic
Development Commission (EDC) is to secure
and maintain jobs in Iosco and Alcona Counties.
The Iosco County EDC was originally established to
address economic challenges created by the
1993 closure of Wurtsmith Air Force Base.
RLF 2: The original revolving loan fund "RLF", RLF 2, that
started it all was funded with a U.S. Economic
Development Administration (EDA) to aid
those businesses that were negatively
impacted by the base closure.
RLF 3: RLF 3 was originally funded with a USDA grant, this revolving loan fund is intended for small business loans under $50,000
to be used for equipment, inventory or working capital.
RLF 4: RLF 4 was originally funded with an EDA CARES ACT grant to assist small and medium size businesses in Iosco and
Alcona Counties that were negatively impacted by COVID-19.
Will be held at Kenneth Cook, CPA office conference room located at 438 W. Lake Street, Tawas City, MI. Two buildings south of the county building on US-23 across from the Tawas City Shoreline Park.
Please note that the LOAN APPLICATION form is a PDF fillable form that you may complete and print right from your computer.
In addition, the PROJECTION SPREADSHEET workbook is an Excel spreadsheet which is actually four spreadsheets, all of them are fillable. We recommend you consult a Certified Public Accountant to assist you with completion of these financial documents or to assist you in preparing a complete business plan.
Please be aware both the LOAN APPLICATION and PROJECTION SPREADSHEET WORKBOOK are OPTIONAL if you have done a complete business plan which contains the same information.
If you have or are considering establishing a business in Iosco or Alcona Counties and would like information on any of the revolving loan programs please contact us.
P.O. Box 538, Tawas City, MI 48764
For more information, please contact Ken Cook, Executive Director. (989)362-4412