All business types are eligible Business Consulting Services Free access to expertise for all phases of your business Program Requirements Business must demonstrate an ability to repay the debt. Refinance of existing debt is not permissible. Minimum collateral is a lien on all business assets. The Direct Loan Fund helps create, expand or modernize businesses within the 15 communities that comprise the South Central Regional Growth Partnership. No balloon payment.
Longer term improves cash flow.
Program Requirements Business must be organized for profit . Refinance of existing debt is not permissible. TIF looks for opportunities to assist the formation or expansion of companies with innovative products or processes in industries having strong growth prospects. TIF anticipates committing its dollars to a project for approximately five years. The fund must be leveraged with other sources of capital whenever possible therefore the fund typically will not assume the role of lead investor.