Line of Credit


What is a line of credit?

An arrangement between a financial institution, usually a bank, and a customer that establishes a maximum loan balance that the bank will permit the borrower to maintain. The borrower can draw down on the line of credit at any time, as long as he or she does not exceed the maximum set in the agreement.

Types of Financial Assistance

Loan guaranty.
Equity guaranty.
Direct loan.

Amounts Available

Maximum payable under loan guaranty not to exceed $2,000,000.
Up to $2,000,000 direct loan.

Eligible Uses

Working capital and equipment.

Need to finance a contract or a series of contracts that your company has with a Government Agency, Regulated Utility, or Private Entity?
Let’s talk about it.