See the section on high tech resources, page 45. The LowDoc's one-page application can get you a loan with up to 80 percent guaranteed by the Small Business Administration. That's because the bank needs documentation on which to base its credit decision. Mercer County Loan Consortium Program . Loans cannot be used to refinance existing debt, to pay franchise fees or to buy real estate.
Loans are payable in five years.
Capital City Redevelopment Corporation's Capital District Loan Pool . This is not an SBA program. We can show businesses how they can really save money by locating in downtown Trenton. Qualifying businesses must be for-profit entities that do not have the ability to get a loan at favorable rates in the open market but do have the cash flow to cover the loan, and in which the borrower has at least a 25 percent equity investment. Approved uses for these loans include land acquisition, construction or renovation, machinery, equipment, and working capital.