Eligible Activities:  Acquisition of new or previously owned machinery and equipment, furniture/fixtures, only if such equipment has been previously owned by an unrelated party.  Costs can include, but are not limited to:delivery, installation, and related costs.

Term:  5-7 years

Loan Limits:  $200,000 or 40% or 50% of the total project costs, whichever is less.  The minimum loan is $15,000.

Fees:  Up to 1% of the loan limit, with a minimum of $250, plus all applicable legal fees and third party fees.