Acceptable uses: real estate mortgages, fixed-asset financing, permanent working capital, lines of credit, purchase order financing, restructured debt, subordinated debt.
This program may make loans of up to $500,000 for fixed asset acquisition or for working capital purposes.
"Microlenders may make microloans for qualified business activities and expenses including, but not limited to: working capital, debt refinancing, purchasing equipment and supplies, improving real estate"
"small or microbusiness loans to people statewide who do not otherwise have access to capital"
GMEDC assists businesses, municipalities and individuals to address development challenges, set goals and find funding
"We provide information and resources to owners interested in selling their business to their employees, employee groups interested in purchasing a business, and entrepreneurs who wish to start up a company with broadly shared ownership"