PRESS RELEASE
FROM: Kossuth County Economic Development Corporation
Maureen Elbert, Executive Director
Algona, Iowa
(515) 295-7979

Kossuth County Economic Development Corporation is pleased to announce that the Kossuth County Revolving Loan will be available to eligible start-up businesses, or business wanting to expand on March 1, 2004.

Like all financial assistance programs, there will be criteria that must be met which are either USDA and/or the Kossuth County Revolving Loan Commissioners requirements.

When submitting the Application to the KCEDC Office, the following attachments must be enclosed in their Application packet. They are: A completed Application Form, Application Fee, Business Plan, Current Financial Statement and Credit Report, Three year Profit and Loss Report, Three year Income and Expense Projection Spreadsheet, and Federal Tax returns filed by the business for the previous three years.

Completed Applications must be submitted 6 weeks prior to the intended start date for the businesses project. This is to insure sufficient time to schedule meetings with the RLF Commissioner and to allow USDA to review Application results.

Application Guidelines and Applications can be picked up at Kossuth County Economic Development Corporation Office on March 1st at 105 North Hall Street, Algona, IA. For further questions, please call the KCEDC Office at 515-295-7979.