I administer the Revolving Loan Fund and the Enterprise Zone. Federal money comes from HUD to the states.
Counties can then apply for that money.
With package loans, if SBA goes in for a portion of it and guarantees the bank loan, then we come in and can provide money for working capital, inventory, machinery and equipment. We can t buy real estate with this money. We can t build buildings with this money. So the bank builds the building and SBA guarantees that, then we can work the capital and the stuff they need to start business. So it makes a nice package.