Agenda - 09-02-1997 - 9b - Laserfiche WebLink

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CAPITAL OPPORTUNITIES FOR SMALL BUSINESSES r 19 PRIVATE, NON-PROFIT, AND LOCAL PROGRAMS :_=:-.-,PROGRAM-NAME�r�+'+tlpks,s,APPEiG5M4yPE -. .:::t.:_+.x.,•.-:-DESf]tl/FION"': a _. :-:�.DIStURffA1ElYT5'' RESiRICT10N5 Comer lw Cana-wnv SeM-F1e1P 919H56••�e00 eg fWf-Feip is involved n SBA 504 lows.SBA Specialize n loam of lass than 'Se1LeM+Veares fese�.3eB�la4 Varies depandimtg on 7W loans,SBA Miaoloars,RDA's IRP lows, 525,000.Made 510 million in Varies -.C�iit lJwa a Program. ..<y., and admirses other local pmograre. comnrrtatcial bars in 1995. Initial loans lot up to SSW.Allier No group lernbar can get Triangle area sswegs or Group landing at 13%tale.Program involves repayment,loans available up b additional loam unless all other • `�` business expamiom. groups of individual forttnimg loan Circles. S 10,000.Since 1992,loam;10150 individuals are current on ,� •...�r•.iafr a f'y,3I^^a"' "'*,. business for 585.000. pavmcras. Local Govsnswars hol an; Loans to businesses who hire people from the Loan size is determined by individual CLarbee City Widmim a 431ir '_ Any business type within city within a city boundaries in(harlooe. ba ni Since program began,the city Businesses mum employ low,to program baxndanes. Banks provide 807E of the fvwncing and the has loaned 5961 k and the banks S3.8 moderate income individuals. city of Chario a provides 20%. m. CharioKe Bowerahe Develepmwt Small business or start-up Emphasis is on creating jobs for low to middle R loan fund. Musa create one new job for each r. fond x•�-.:.... _ _ i'Puke d Poverty'. income parses. $15,0W loaned. -- .-. Minority es woman The fund provides debt financing b assist Loan range from S5,00D to SS0,000 at owed Greensboro/ loped n Business meta be io$6 miit with miner Crwbrp Venrare hard businesses n obtaining conventional fmeteus ales of prime plus 3 b 6% Grew Coun Gullfod commercial loans. with max.term of 5 yn. worth less than f6 million. Canty. Lions at 1076 b 13ss b be used for real Loam range from 510,000 to 550.000. Business must be owned by or WokeC aW,y Fina angk, • Wake Comaey exce"for Crewe jobs for bwmbderalC Develspwwt Laest iswd: Raleigh and Molly Springs. cede,furniture and equipment.inventory, Four Irons toulirng 515.000 made in income employees.Personal supplies,and working capital. 1995. guaramm required. Small businesses locoed Malmo barn;and the city of Raleigh created Loan can be used for hawed Sri Mrimesr Smoos in the soutlteasa pan of thine this program to stimulate business 510.000 to 5125.000. purposes.Tema is limited to S vin. Pragmesa •, city. development and de creation of jobs. for general bans,7 yrs.for real - estate loans. Micro 6teeprare Loan Prograrw Of Small businesses n 1 Offers small loans of 5500 to$5,000 covering Must have less than 10 employees and New for 1996 Wrarw►Saiam/fe"cAuldy Forsyth County. a wide variety 0 needs. I annual sales less than 5500,000. N'insson•Sakm Tamget Loans at about 8%to businesses that create Business net worth canna exceed warabrfdarst Btwaess►o. x1,500 b SSO,ODD per loan. Max.term) tea and F.Roger Page jabs benefium�low to moderate income 56 million. Collateral prole Business Develop.Crew. individuals. is S yrs. of 75%loan to value. Otlnet Programs NC cenifxd minor I Loam at prime rate to minority businesses to Company must have a confirmed -Mnaens Comormat Fund•- minority I help iancee contract with a member d National businesses. p expenses a purchases Mated to Up b 5500,000 a specific transaction. Minority Supplies DewNopmrnt Council. Love pod awed by mane panty auq Loamy made n 3 range levels.Loan can Businesses must be in one of 21 wind g N bans. Loam are at 3%over prone and for a be as high e S 750,000.in Ern half of designated counties,in wessem Camrotbtw r n_:_ compares n vreYen NC. rteL usvn of 5 yrs 1996,made 2 foams IoWng 575,000. North Carolina. SmaO businesses n 10 (Naas Inns up to SSO,OOD or$15,000 One Mind is suuaured based on Appaladmow BgssE Crei�m liam-paging westetn Allocate capital for two revolving Inn funds. Per lob anted. MA guidels nes.aher kand on SBA cp�M. 504 guidelines. NC Cankum of Panto awd Idral lamrttae> I Revolving loan fwd for oparaung eguipAent. Currently tender raomgarzation I Designed to provide support for NC,•..Pariis-'^::'_:.:•�;' seed,etc. veRetatde fanners. go