Lake of the Ozarks Council of Local Governments (LOCLG) is designated as an Economic Development District (EDD) by the Department of Commerce Economic Development Agency (EDA). In 2000 LOCLG applied for grant funds to start a Revolving Loan Fund (RLF) to assist local lenders and businesses to obtain financing for business development and business growth. We have also partnered with Central Ozarks Development, Inc. (COD) a non-profit organization that specializes in community development. Together we support the RLF Program and have helped numerous businesses within the region get started. If you are interested in learning more about the RFL Program, click on the link to take you to the Loan Application and it explains the process and how to apply for funds. Job creation is the number one goal of the program, and second to help start up businesses that may not be able to find financing at a conventional lender. So if you have been turned down by the bank this option may be what you need.
Call us today at 573-346-5692
On-Site Waste Water Loan and Grant Program
Lake of the Ozarks Council of Local Governments (LOCLG) has partnered with MACOG to offer a loan and grant program that will help homeowners with failing or failed on-site septic tanks the help needed to repair and or replace those failing systems. This is an extremely important program, especially for the lake region, with many homes right on the lake front. The goal of the program is to help homeowners who may not have the resources to repair or replace a failing system. The application process is simple and there a limited amount of documentation that is needed to submit with the application.
If you have been turned down by the bank, this loan program that does not consider your credit score, the only qualification that is considered is "can you pay the loan back". The program allows a borrower to borrow up to $25,000 at a very low interest rate, and it can be amortized for up to 10 years.