Loan amount available:
$50,000 per job being created/retained -OR- one-third (1/3) of project cost, whichever is less; $20,000 minimum/$150,000 maximum loan amount (subject to availability of funds).
Interest rate:
4.5% fixed
Term:
Based on project need up to 20 years
Primary eligibility requirements:
- Bank request for assistance
- Creation or retention of jobs
Special requirements:
Construction projects require adherence to Davis-Bacon Wage Rates and ADA handicapped accessibility.
See Business Finance Program for assistance.
Return to Business Financing Resource Page
