Monies may be used for the acquisition, construction, or rehabilitation of real estate. The eligible city or county must agree that such ownership will not dilute for a period of five years. Maturity may not exceed 25 years for fixed assets or ten years for all other uses. SBA Low Documentation Loan Program One-page applications may be made relying upon the strength on an applicant's individual credit history. Maturity is up to 25 years for fixed assets and ten years for all other uses.
Maximum term is fifteen years.
Eligible costs include working capital, equipment, real estate, or real estate improvements. Refinancing is not eligible. Copyright 1999 - The City of Greenville, Texas. All Rights Reserved.