The loan terms and conditions range from $10,000.00 to $150,000.00 at interest rates of 3% to 10% for up to 10 years and for real estate loans for up to 15 years. The loans may be used for working capital, acquisitions for property, purchase of equipment, construction, repair and renovation, and business expansion. It is required that the business be located in Raymondville, that the business be collateralized dollar for dollar, hire 1 person per every $25,000.00 borrowed and 51% of the business be owned by a U.S. Citizen or Resident Alien.

Loan Days are being held every 2nd and 4th Tuesday of the month from 10 am to 5 pm at the Raymondville Rural Technical Center located across the street from Raymondville High School. Mark your calendars, come by or call 956-583-7431 to set-up an appointment. The City Administrators are very focused on the growth and prosperity of the community.