About

This program aims to facilitate access to loans for small businesses and nonprofits by sharing risk with financial institutions. Term loans are available for up to $1,000,000, with a limit of $500,000 for purposes such as purchasing leasehold improvements, improving leased property, or purchasing and improving new or used equipment. Of this amount, up to $150,000 may be used for intangible assets and working capital costs. Lines of credit of up to $150,000 are also available. Financial institutions administer the program and have sole responsibility for loan approval.