LVEDC administers several federal and state financing programs and we help your business identify the appropriate loan programs for your project. We are experts in connecting these resources for your benefit. Our staff will provide detailed information on business loan programs and will work directly with you to develop the most favorable beneficial incentive package.
Manufacturing, agricultural, industrial, commercial or retail businesses and most minority-owned and operated businesses.
Acquisition of New / Used Equipment that is directly related to core business operations.
Support equipment (computers, IT equip., telecommunications, office furniture etc.) generally not eligible.
35 to 50 percent of eligible project costs.
Minimum = $50,000. Maximum = $5.5 million or more.
Seven to 10 years will not exceed useful life of the asset.
Create/retain one job per $15,000 to $65,000.
Subordinate lien position is possible: 10 percent equity is usually required.
|SBA 504||4.60% (20 years)||1/14/15|