Eligible Activities:  Land and building acquisition, building construction, expansion, and/or renovation.

Land costs will be considered only if the land acquisition is directly related to the purchase, renovation, or construction of a building or production facility.  Land costs will include but not be limited to: site preparation, testing, utilities, site mapping, landscaping, legal, engineering, grading, and related costs.  Land costs must be supported by a firm commitment from the applicant that development will begin within six month of loan closing.

Building costs will include but not be limited to: construction, rehabilitation, engineering, architectural, legal, and related costs.

Term:  10-15 years

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

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