This loan can be for fixed assets or working capital. The applicant must be turned down for conventional financing. It is primarily a guaranty program with a 25-year term for real estate and equipment and 7 years for working capital. Guaranty is 85% of loans under $150,000 and 75% for loans above $150,000. No job creation requirement exists. The dollar range is $500,000.

< Prev		Next >