Agenda - 08-04-1997 - 9c - Laserfiche WebLink

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CAPITAL OPPORTUNITIES FOR SMALL BUSINESSES tj OTHER FEDERAL GOVERNMENT PROGRAMS PROGRAM NAME APPLICANT TYPE OESCRIMON DISBURSEMENT RANGE RESTRICTIONS National Institute of Standards and Technolm (Dept of Commerce)800287-3863 R&O grant$are made on the basis of either Single company can receive up to$2 million Proposals muss be submitted on time and ..Advanced Tecl eollW Large and small toanies. preynthoxnced tecMotogy topics or via an over three years.$20 million available pr - Progress - - oriented companies' annual general competition. annually f«the general competition. projects must be o!high technical risk. Econamie Development Administration(Dept of Commerce)803/765-5676 Set up in conjunction with EDA funds to establish RLFs range from EaonomieAd'psaraar Provides funds to establish revolving loan Potential RLFs must be looted in areas man-profit organization that f100.000 to f1.5 million.Individual RLFs set expertem g vent employnnen (Tittle Fu 00 Rev AR)Loam. funds in distressed areas ill fazed assets and in hi tin t.low represents area.funds then own polity.General EDA guideline is$5,000 Rtttds(RtFsl- .. loaned to small companies waking capital loam. loaned per job created. Per capita income.or chronic distress. - Rural payekWomt Admmwtntiom(Dept of Aviculture)919/873.2000 RDA guarantees up to 80%an loan Tess than Priority given to applicants,in towns with 1p u less than 25,000 people.10%equity lmdistred La Rural fuss in airy industry $5 million and 70%on loan greater than$S maximum$10 million guaramee. na. required f«established business.20% million. required for start-up. RDA makes loam o nwau.predt organizations 75%of project casts not to exceed S7 50,000 Must be unable to ge funds elsewhere. latteaearediaey Rdatditg Rural firms,any industry. who relend to smell businesses or stan•ups in per borrower.Term and interest rate Projects must createstsave jobs.Firm must Progr Own rural areas involved in any industry. negotiated by borrower an intermediary. be located in town with pop.under 25,000. i} Fart Service Agency(US Dept of A ricWmre)919/790.3057 Maximum amending principal for direct Must be unable to obtain funds elsewhere. . Operators of family size Direct barns and loan guaramees made to loam n 5200,OOO and br guaranteed loam is Borrowers voccennug direct loam arc Farm Look:1 farms. buy,improve,or enlarge farms. $300,000.Loan is secured by real estate expected to finance using commercial involved. coutces when(easible. Operating loan rands maybe used to pay for Operating have satisfactory history or deb Maximum tstanding principal for direct Operators of family size loans is$200.000 and for guaranteed loans is repayment May be used to refinance only Farm Operating Leter- farms, items such as Livestock.equipment,seed,cr $400,000. m Loa are for 1 to 7 years or when certain rm ain debt.Collateral is in the fo of a insurance.hired labor,etc. financed product is sold. first lien. 3 US DeparOmett of Energy 202/586-1478 Invenors and small Only one-time assistance available. Stargy4Rd9pd ktvatii, businesses involved with Grant programs for energy-related inventions Average award is$83,000 since program invention must be recommended for an f4otras : the development of energy with commercial potential. award by NIST. technology. Inventors and small Provides seed money for energy efficiency Seed money ranging from$15.000 to i ItuwvatiwGttnuapes businesses involved with ideas o determine if @W are technically and $20.000.M avenge of 75 innovators per li+c aO�ann realm de tight to publish t pmgras the development of energy camorcially feasible. cycle receive funding. can generated by the funded projects.. 1 techrtology. US Expotbfnyert Barak 800258.0862 j Guarantee of up to 90%of principal.No limit Woef�g Small and midsize Guarantee for lenders making up to are year Finns sun have been operating f«x least on loan sizes Rate is l is in the by lender and one and at least one full-time ,. exporters domiciled in the working capital line of credal available b Y'� • U5. egtaten, borrower.Collateral u in Use form of export principal.No defense protkrev or services. 1 inventory. • Foreign buyer of US goods Fixed inNrea ran bang for two«mare years Up to 85%of cernrad price.Rates based on Buyer must make IS%cash WYmard.US _ : and services where to f of US and U.S.Treasury rates and ban repayman exporter must face officially subsided Dtrett Lewd Msyas+ foreign buyers urpdpunenn foreign competition,except where ban financed portion exeoeM sernicex $70 million. amannt is$2.5 million«less. GrsvaiNas 10 ,` Any qualified foreign buyer interest rat$export loins o foreign buyers of euanmee d 700 R.rf k»rt up w a maximum Buyer must make be m h payment : of US goods and nMc@L US� or 85%of the contract value. Guxarree may be for my amount to Weer d Ire .Affair 703ra3-1303 Irtdan owned business Guarantees f«up to 90%of loan up to max. Fads must be used by a bnpmfe bustrtess ++ Ltteiat�Csatatre_... bataf8ktg economy ol s Loan rAwanteur o assist ktrfam and Indian gu off 500.000 per individual or 52.5 with at least 51%Indian ownership that W federally recognized econe-t kudian tribes in starting and expanding their own million per vibe.Loan tam may not exceed will benefit a federally recognized Indian ,..D� $ Reservation. businesses. 30 years, tribe. 8 V/