The City of Bradford OECD administers four revolving loan programs to assist new businesses and existing businesses. The loans are offered to qualified borrowers at an interest rate of 3%. Three of the loan programs are designed to help with the acquisition of property, purchase of equipment or working capital. Generally, loans of up to $100,000 are made for economic development. Loans of up to $200,000 may be provided for large scale, job creation projects. The other loan program, Downtown Revolving Loan Program, is specifically designed to assist downtown historic Bradford existing businesses or new start up businesses. Loans of up to $50,000 at an interest rate of 3% are available to qualified borrowers.