|
Financing |
Rate / Term |
Eligible |
Fee |
Time Frame |
Requirements |
|
City of Bryan Micro enterprise Zone |
Financing based on financial analysis and
determination of risk. Below prime interest rates are not applicable. |
Land including on-site improvements. Buildings,
Inventory and/or working capital, off-site infrastructure directly related
to business or industrial development. |
N/A |
N/A |
Location of business must be within the city of
Bryan. The applicant does not have the ability to secure sufficient
conventional financing. 51% of the jobs created must qualify as low and
moderate income prior to being hired. |
|
City of Bryan or County RLF |
5.5%-6.5% up to 40% of cost |
Land, Building, M & E |
None |
Min. 60 days |
Money must be leveraged at 1:1, 5% equity, 51%
of jobs to persons of low/moderate income |
|
CDBG Direct Loan |
5.5% up to $490,000.00 |
Fixed Assets |
None |
Min. 60 Days |
Money must be leveraged at 1:1, 5% equity, 51%
of jobs to persons of low/moderate income |
|
Economic Development Bond |
Financing based on life of assets, long term
fixed rate, capped at 10 Million |
Land and construction, expansion, renovation and
equipment purchase |
Up front cost for legal work and bond issue |
Min. 60 Days |
Must show repayment and must be able to document
job creation |
|
412/629 Development Grants |
Grant |
On or off site infrastructure improvements,
including water and sewer, roads and rail. |
Must have substantial local support for project |
Min. 60 Days |
Project would not go forward without the receipt
of 412 funds |
