The CDC/504 Loan Program provides financing for major fixed assets such as equipment or real estate. CDC/504 Loan Program Eligibility To be considered for a Certified Development Company(CDC)/504 loan, applicants must meet these eligibility requirements: Operate as a for-profit company Do business (or propose to) in the United States or its possessions Has a tangible net worth less than [...]
The RUS Electric Program can provide loans and loan guarantees to energy project developers for distributed energy projects including renewables that provide wholesale or retail electricity to existing Electric Program borrowers or to rural communities served by other utilities. Electric Program project financing loans follow the same regulatory requirements and processes as do our traditional electric infrastructure loans and [...]
What does this program do? This program bolsters the existing private credit structure through the guaranteeing of loans for rural businesses, allowing private lenders to extend more credit than they would typically be able to. Who may apply for this program? Lenders with legal authority, sufficient experience, and financial strength to operate a successful lending program like: Federal or [...]
7(a) Loan Program Eligibility SBA provides loans to businesses; so the requirements of eligibility are based on specific aspects of the business and its principals. As such, the key factors of eligibility are based on what the business does to receive its income, the character of its ownership and where the business operates. SBA generally does not specify what [...]