Equipment Leasing and Financing

Organization:
Bladen's Bloomin' Agri-Industrial, Inc.
Amount:
$175,000.00
Program Area:
Community Assistance Initiative
County of Applicant:
Bladen
Description:

This grant to Bladen’s Bloomin’ Agri-Industrial (BBAI) will assist with the expansion of an existing equipment leasing program to help create or expand businesses. BBAI will finance the equipment needed by a company and lease it to that company at fair market value. As payments are received, BBAI will reinvest those funds in other projects. The goal of the project is to assist at least 8 businesses therefore creating 100 jobs and over $2 million in tax base over the next 3 years.

Contact:
Mr. Chuck Heustess 218-A Aviation Parkway Elizabethtown, North Carolina 28337 (910) 645-2292
Areas Served:
Bladen

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