Economic Development

GCRA has launched a new Economic Development and Revolving Loan Fund (ED & RLF). This program is made possible by the stimulus funding under the American Recovery and Reinvestment Act of 2009. The goal of this program is to encourage economic development activities and promote opportunities for employment in the communities that GCRA serves. The program provides funds to small existing and emerging businesses located in the central business district of Fountain Inn, Greer, Mauldin, Simpsonville, and Travelers Rest and the commercial corridors of the unincorporated areas of Greenville County, outside the city limits of Greenville.

• Loans are between $5,000 and $25,000
• Loans terms are five years
• Interest rates are between 3 and 5 percent
• There is a two year loan deferment option
• Loans require collateral (equaling or exceeding the value of loan)
• Personal guarantors are required

Under the Economic Development and Revolving Loan Fund (ED & RLF), GCRA has budgeted funds to encourage small business development and job creation in Greenville County. This funding must be spent no later than September 30, 2012. The window for loan application submittals is open until available funds are expended. Eligible applicants must pay a non-refundable application fee of $100, submit a completed application with all supplemental documents, and complete the required hours of business/financial training for new and existing business provided by SCORE.  To learn more about the ED & RLF and initiate the application process, please review the program guidelines and submit the project summary form provided below along with a pre-application fee of $25 to determine project eligibility.   For questions regarding the ED & RLF Program, please call or email Rashida Jeffers, GCRA Community Development Planner at 864-242-9801, extension 120 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Guidelines for Preparing a Business Plan

Project Summary Form

Program Guidelines 

Other Resources:

• Appalachian Development Corporation
• Greer Development Corporation