Work Gearz
SEPTEMBER 22, 2020
Renovation construction loans : In this loan, you’ll be needing a home that is required to get substantial renovations to get the loan approval. These loans are folded into mortgage eventually when the renovation works get completed. First National Bank. It is possible for some renovation loans that may allow less.
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MARCH 9, 2016
High Performance Building Program (HPB): (newpa.com/hpb) Provides financial assistance in the form of grant or loan funds that will be used by eligible applicants to underwrite the cost premiums associated with the design and construction or major renovation of high performance buildings in the Commonwealth. Guaranteed loans up to $500,000.
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JULY 11, 2014
Community Development Financial Institution Assistance Program (CDFI): Provides micro-loans to businesses who often do not qualify for bank loans, as well as one-on-one counseling and business development assistance to facilitate credit-readiness. The combination of a bank loan and a JDA Loan allows up to 90% financing of a project.
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MAY 1, 2013
Banking, finance, communication, high technology, retail, manufacturing and agriculture are just some of the many industries prevalent in the Empire State. Primary funding assistance was provided by a $10 million tax-exempt bond issuance by the COIDA in cooperation with M&T Bank. million project created 50 jobs.
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MARCH 8, 2016
Tax-exempt bonds for eligible for-profit companies can be used to finance capital improvements and expansions, including real estate acquisitions, new equipment, machinery, building construction and renovations. or Up to $5 million TD Bank line of credit with partial, subordinate EDA guarantee of up to 50%, not to exceed $500,000.
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APRIL 15, 2014
CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Income Tax Capital Credit: The Income Tax Capital Credit has been available since 1995. The tax for existing entities accrues as of Jan. 25 to $1.75
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MARCH 21, 2014
INCOME TAX CAPITAL CREDIT: Currently codified as Article 7, Chapter 18, Title 40, Code of Alabama 1975. It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years.
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