EASTHAM – The Community Development Partnership has increased their maximum loan amount from $40,000 to $50,000.
The maximum amount of $40,000 was created 17 years ago and has not changed until now. The CDP believes the increase will allow them to better assist the business community of the Lower Cape.
To date, the CDP has provided over $3,251,000 in micro loans to start and sustain 204 local businesses, resulting in the creation of 345 jobs.