Helps communities by stimulating the growth and expansion of small businesses, within a defined area of operation, through long-term, fixed-asset financing. Through this joint federal government/private sector program, financing for the acquisition of land and building construction, expansion, renovation and equipment is available to small businesses for up to 20 years. Typically a financial institution provides 50 percent of financing; CDC/SBA, 40 percent; the small business, 10 percent.

The benefits offered the applicant are:

• 10- and 20-year terms, fixed interest rates, below-market rates
• Minimum equity injection of 10 percent
• Predetermined prepayment

Self Help Ventures Fund 919 956-4473

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