PURPOSE: Low-interest loans to small businesses (for-profit, 100 employees or less) to be used for land and building acquisition and construction, machinery and equipment purchases, and working capital.
AVAILABLE FUNDING: Loans up to $100,000 or 50% of the total eligible project cost.
ELIGIBILITY: Highly competitive projects being carried out by for-profit small businesses located in a DCED-designated distressed community or a Keystone Opportunity Zone.
TERMS: Current interest rate is 2%. Flexible terms.