| For smaller businesses looking for a direct, fully secured loans, the Small Business Loan Fund provides up to $500,000 for working capital to existing manufacturing, processing and selected services. Additionally, manufacturers seeking financing to be used for the acquisition of land, buildings, and equipment may qualify for loans in excess of $500,000. Interest rates are fixed. The repayment terms are flexible, with up to 5 years for working capital and up to 10 years for hard asset financing. For each $100,000 in funds lent, there should be the creation of a minimum of one job. |
