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

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CAPITAL OPPORTUNITIES FOR SMALL BUSINESSES $ t . t tt PRIVATE, NON-PROFIT, AND LOCAL PROGRAMS ....►ROGRAMNAME ::sr`sa,: -.APPLWAWTYPE. __ ,._ '.°DESOtIrIION•. --_ ..:: DISWRSFMENFS RESTRICTIONS Center for Care msen,Sa44Wp 919/9S6-M00 f Sol$4sdp VoaYa A"-*el 4%* Varies depending on (.)Self-Help ea is involved A micr in SBA DA loans.SBA Specializes in loans of less than 71a)loans,SBA Microloans,RDA's IRP lemons, $25,000.Made 510 million in Varies LJwa . +.=M =:�- program• and administers other local programs. commercial loam in 1995. 1 Initial bans for up to$500.After No group member can get Good desk Triangle area starwps or Group lending at 13%rate.Program involves repayment,loans available up Ica additional loam unless all other business expansions. groups of individual forming Loan Circles. $10,000.Since 1992,bans 101 50 individuals we current on ` ...._... ::r.._.::." ., btanness for$85.000. WYrnevms• Local Governissent Programs Loans to businesses who hire people from the Loan size is determined by individual Chapelle Ciey Within a City Any business type within city within a city boundaries in Otarbae, bank.Since program began,the city Businesses must employ low to ' program boundaries. Banks provide 80%of the financing and the has loarved$961 k and the banks$3.8 moderate income individuals. city of Charon provides 20%. m. C1usLasq Seasonal.c DewMpnsawt Small business or nan-up Emphasis is on creating jobs for low to middle Must create one new job fo each '.( in'Pocket of Poverty'. income persons. Revolving loan fund. $15,000 loaned. - _ Minority or woman The kind provides debt financng to assist Lon range from$5,000 b SSO,000 et Gi e Vie i�' owned business located in ��in obtaining conventional interests rakes of prime plus 3 to 6% Business must be fo-prat with riot Greessbord m Guilford comercial loam. with max.term of 5 yrs. worth less than$6 million. County. Loam at 10%to 13%b be used for real Loans range from$l O,OW to$50,000. Business must be owned by a WAv�y W�Corny except for estate,furniture and equipment,inventory. Four loam totaling$45,000 made in create Id's for Fow/moderatc Developens"L.Ftwd Ratio and Holly Springs. income employees.Personal - supplies.and working capital. 1995. guarantee retryirod. - Lon can be used for limited 9nsaN Rsraistr 9toe� Small businesses located Major banks and the city d Raleigh created purposes.Term is limited b S yrs. Flow City.the southeast pan of the thus program b stimulate business $10,000 to S 25,000. fa loans,general loa 7 yrs.for real + City. development and the creation of jobs. estate bans. Minn famrprie Lon,leagaans of Small businesses in Offers small loam of$500 to$5,000 covering Must have less than 10 employees and New for 1996 wmsw.S@kM/Fonytlt county. County. a wide variety of needs. annual sales less than 5500,000. tK Salaia Rssisaes Lan, Winston-Salem Target Lens at about 8%to businesses that create &Anti s net worth canna exceed $1,500 to$50,000 per loan. Max.coven area and F.Roger Pages jobs berkefiung low to moderate income $6 million.7 Collateral preference •.` reSrars'x' _. Business DeKfop.Comer. individuals. is 5 yds. of 75X ban b values. Odw Program; Lear*at prime rate to minority businesses to Company must have a confirmed NC cenifked minority contract with a member of National Rraisaes Con,sedms$mast help finance expenses a purchases related to Up to$S W.000 minority Supplier Devel erx businesses' a specific transaelim. y�CCoouncil. aPrn t .ftAaiaamin Carusia{ Stan and Loan P�created by nine participating Loans made in 3 range levels.Loan can Businesses must be in one of 21 1 +tips �On banks. Loam are at 3%over Rime and fora be as high as$150.000.in first half of designated counties in westem Cgroryae _ companies M Weston NC. max.term of S yds. 1996,made 2 foams totaling S75AW. North Carolina. v Small businesses in 10 Offers Iu>yts up to 550.000 or$15.000 One fund n structured based on A elladort RapewaF Caserer�os Participating wesom Allocons capita for two revolving loan funds. f lab created EDA guidelines,other fund On SBA e { courses 504 guidelines. NC Caafeiow of Faomsees.and Rural famines. Revolving loan kind for operating equipnen4 ��h,wider reorganization. Designed to provide support for --�_ •..Fsaia ° seed,etc vegetable farmers. i a f i h a i Y i i t 90