Buisness Facilities Contributed Content

MARCH 6, 2016

The program guidelines are the same other than the requirement for the revolving loan fund to share the collateral in a first position with MicroLOAN. Working capital, inventory and venture capital are NOT eligible. The MICROLOAN can also partner with other local revolving loan funds. Construction on the project begins.

South Dakota 40

South Dakota Finance Retail Equipment 40

Buisness Facilities Contributed Content

APRIL 15, 2014

Inventory is exempt from property tax. Companies must be less than five years old; have an annual payroll between $100,000 and $1 million; show proof of an equity investment of at least $250,000; pay at least 150% of the lesser of the state or county average hourly wage where the business is located; and meet requisite payroll thresholds.

Income 108

Income Finance Zoning Employment 108

Buisness Facilities Contributed Content

MARCH 21, 2014

The capital credit is used only after all other deductions, losses or credits permitted under Titles 40 and 41 of the Code of Alabama 1975. Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments.

Income 75

Income Finance Zoning Equipment 75