Loan Guarantee Program
Type of Assistance: Loans
Industry: Manufacturing, Other, Recreation/Tourism, Technology, Wood Products
Maximum Amount Available: $80,000
Qualifier or Eligibility
- Increase availability of bank credit otherwise
- not available. Manufacturing, wood
- products, agriprocessing, information
- industries, tourism and technologically
- innovated industries. Land, building,
- equipment and working capital,
- leasehold improvements.
Funds
- Maximum guarantee loan: $80,000 or 80% of
- loan financing
- Term: up to 15 yrs Interest rate: set by the
bank
- All loans adequately secured and personally
- guaranteed
- Guarantee fee – 2% of loan
