The Revolving Loan Program is just one of the incentives the La Joya Economic Development Corporation has established as part of our efforts to encourage business growth and job creation in the city. This program is designed to assist small businesses and start-ups by providing a low-cost alternative financing option.
Have questions about this or any of our other incentive programs for your business? We encourage you to contact the La Joya EDC today at edc@cityoflajoya.org
Steps for the Loan Process
Phase 1
Phase 2 Review
Phase 3 Approvals
- Business Plan
- List of Board Members (corporations only)
- 2 years of Income Tax Returns – Business or Personal (most current copies)
- Year-end financial statement from existing organization
- IRS 501 (c) 3 letter (or similar), if applicable
- Purpose of loan
- Balance sheet (yearly)
- Profit and Loss Statement (last quarter)
- Project Budget
- Our Strategy
STEP
01
Empowering Business
Evaluating & Accessing
As part of phase one we facilitate with :
- Technical Assistance in business and financial planning
- Site selection services , while aiding throughout the negotiation
- Paperwork and Permits
STEP
02
Expansion & Retention
Certifications, Networking, Investment Planning
Phase two involves networking and promoting the business to generate concepts and work towards expansion of the ideas and strategies. While at the same time, planning the investment strategy when eligible backed by EDC loans. Phase two also sees the EDC to work with businesses to obtain certifications
- HUB Certification
- UTPA Procurement Technical Assistance Center
- 8A Certification
- Corporate Certification
STEP
03
Development of Workforce
Strong & Educated Workforce
Phase three involves working with local institutions, higher education, and technical institutes to develop a workforce that is prepared to meet today's job requirements.