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Washington County LDC reports loans, counseling and a 92% historical repayment rate
Summary
The Washington County Local Development Corporation told supervisors it manages loan programs that serve startups and expansions, has 33 active loans totaling about $2.7 million in the county, and maintains a roughly 92% historical success/repayment rate on county lending.
Deanna Durray, executive director of the Washington County LDC, briefed supervisors on the corporation’s lending and business-support work.
Durray said the LDC offers four low-interest loan programs, including an agriculture-focused loan fund that can finance up to $200,000 for equipment or expansion. She reported 33 active loans in the…
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