Business start-ups challenged by the need for funding should not overlook the Memphis Area Association of Governments – MAAG.
According to its website, MAAG was created to facilitate and support activities that stimulate economic and community development in the community.
Revolving Loan Fund
MAAG – in addition to serving in a supporting role for governments and non-profits – also provides loans through its Revolving Loan Fund (RLF). A tool specifically targeting small and medium-sized businesses, the RLF is used to "promote expansion and job retention" by offering gap financing.
- Written by Carlee McCullough