Bankruptcy IRS Lien Subcontracting 
Buisness Facilities Contributed Content
MARCH 21, 2014
The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Borrowers inject 10 percent in the form of cash or equity in real estate.
Buisness Facilities Contributed Content
APRIL 15, 2014
The credit is refundable for organizations that are exempt from federal income tax pursuant to section 501©(3) of the IRS Code. Pre-approved applicants creating or retaining jobs in Florida may receive tax refunds of $3,000 per net new Florida full-time equivalent job created or retained; $6,000 in an Enterprise Zone or rural county.
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