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Supports emerging technology ventures and helps established companies integrate proven productivity applications into their business operations and process. Eligible investments: Operating capital, Fixed Assets, land and buildings, Construction and leasehold improvements, Machinery and equipment for high-volume productivity or high margin applications, Commercialization of new product launch and marketing, Productivity and process-enhancing software systems.
| Term | Fees | Interest |
|---|---|---|
| Varies | Up to 2% origination fee, legal fees associated with documenting and closing the investment. | Varies |
| Interest Type | Amount |
|---|---|
| Varies | $500,000 |
Demonstrated management skills, industry experience and financial controls. A sound business plan with financial projections. Due diligence in product and technology validations. Outside assessment of business and marketing plan (if deemed necessary). Creation of living wage jobs with broad employee benefits.