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
TAX ABATEMENT: Cities, counties and school districts may use tax abatement to help finance certain economically beneficial projects. Property taxes are forgiven for a period of time to allow the project to cash flow. Eligibility is limited to a new business or existing business that expands its operations in the state.
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