Loan Guarantee Program

• 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.

• 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