SMPDD offers a revolving loan program with amounts ranging from $2,000 up to $500,000. The interest rates vary from 3% to 5.25%.
- Funding available for start-up or existing businesses
- Funding available for job creation or retention
- Funding for real estate, machinery and equipment, inventory and working capital
- Terms: 15 year for real estate, 10 years for machinery and equipment and 5 years for inventory/working capital
- SMPDD can provide stand-alone financing or partner with banks to provide supplemental financing.