For-profit small businesses involved in manufacturing, industrial enterprises, or advanced technology.  Professional services and business-to-business related enterprises also qualify.  Businesses with more than 100 employees may qualify.

Land acquisition, site improvements, acquisition of existing building, building renovation, leasehold improvements, new construction, machinery & equipment, working capital, and certain soft costs.

$250,000 or 50% of the eligible project costs, whichever is less for the EDA Revolving Loan and $200,000 or 50% of the eligible project costs, whichever is less for the ARC Revolving Loan. 

The rate is 3% fixed for the life of the loan. This rate is good for loans approved by SEDA-COG through June 30, 2013, at which time the rate will be adjusted based on the 10-year treasury bill rate + 1%.

Three (3) years for working capital; up to ten (10) years for machinery and equipment; up to fifteen (15) years for real estate.

For existing businesses (more than two years of operations), borrower must provide a minimum of 10% of the project cost.  For start-ups or changes in ownership, borrower may be required to provide 15% of the project cost.

One job to be created or in some cases retained for every $25,000 of Revolving Loan funds in the project within three years of disbursement.