Eligible Activities:  Inventory and new personnel costs.

Inventory will include materials, consumable supplies, and goods for resale.

Personnel costs will include salaries and training costs for new employees after the date of actual loan approval.  Costs are limited to salaries and training costs not exceeding six months.

Term:  3-5 years

Loan Limits:  $100,000 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.