Have adequate equity for start-ups and acquisitions. Have a viable business plan. Exhibit managerial competence . Repayment terms for machinery and equipment loans are 5-10 years, for real estate up to 15 years, and for working capital up to 5 years. Lines of credit are not available through this program.
Interest rates are negotiable.
Typically, rates are near New York prime, and are fixed for the life of the loan. Collateral may include real estate, machinery and equipment, inventory and accounts receivable, lease assignments, and personal guarantees.