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BEDC approves Roscoe Bank partnership to administer revolving loan fund; BEDC to act as guarantor
2793103 · January 27, 2025
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Summary
The board approved Resolution R2025-1 to rename Roscoe Bank as the designated lender for a restructured BEDC revolving loan fund; the BEDC will market and guarantee loans while Roscoe Bank originates and services loans.
The Bastrop Economic Development Corporation approved a resolution designating Roscoe Bank to administer a restructured BEDC revolving loan fund program and established the BEDC as guarantor for referred loans.
Dory (BEDC staff) described the reorganization of the program, originally launched in February 2023, to position the BEDC as the primary marketer and…
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