About

This program makes it easier for small businesses to receive loans from financial institutions by sharing the risk with lenders. Term loans can be issued up to $1,000,000, of which no more than $500,000 can be used for purchasing leasehold improvements, improving leased property and purchasing or improving new or used equipment and of that amount. A maximum of $150,000 can be used for intangible assets and working capital costs. Line of credits are available up to $150,000. Financial institutions deliver the program and are solely responsible for approving the loan.