奖励目录

南达科他州工厂

项目概述

  • 业务/commercial loans for businesses needing 营运资本
  • 任期1至3年
  • Loan amount up to $1 million with a minimum amount of $20,000

 

符合条件的借款人
业务es seeking new financing
Certified development financial institutions
Meet US Treasury guidelines
Only have one WORKS loan program at a time for a company

不合格的借款人

  • 非营利组织
  • Speculative development
  • Lending institutions, insurance companies
  • 业务es engaged in pyramid sales
  • Gambling concerns and private clubs
  • 业务es engaged in activities prohibited by law

 

符合条件的资金用途
业务 purposes including: start up costs, 营运资本, 工资, inventory needs and new 建设 loans

Ineligible Use of Funds

  • 购买, 建设, 改造, or tenant improvements of an eligible place of a business that is for passive real estate investment purposes
  • 再融资的目的
  • Repay delinquent federal or state income taxes
  • Repay taxes held in trust or escrow
  • Reimburse funds owed to any owner
  • 购买 any ownership interest of any owner

 

结构
80% Bank or Private Debt
20%特别工作贷款

这个过程
The application packet is submitted to GOED loan officer for review
SD WORKS loan review committee will meet to review the application once a month

Private Lender Participation
The bank or credit union must file all of the applicant’s documents they require, as well as all internal documents relating to the loan with the GOED, or the borrower needs to submit a SD WORKS application to the GOED

抵押品
Second on assets that banks or private lenders take as collateral

费用
$100申请费

Download Application (DOC)
Download Application (PDF)

联系人

雅各布·瓦格纳

雅各.wagner@state.sd.us

http://sdreadytowork.com/Financing-and-Incentives--South-Dakota-WORKS.aspx

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