"$750,000 For Businesses Hurt by North American Free Trade Agreement (NAFTA)"

Business Details: "The SBA (office below) guarantees money threw banks and other lenders. This program is designed to target and help patterns with Mexico and Canada following the (NAFTA) agreement (North American Free Trade Agreement). CAIP promotes economic implementation of the adjustment increasing the availability of flow of credit and encourages businesses development and expansion in impacted areas. Credit is available to businesses in eligible communities to create new, sustainable jobs, or to preserve existing jobs. CAIP works with the 7(a) and 504 programs. There are very specific criteria listed on the website at: {www.sba.gov/financing/frcaip.html}. The eligible communities are listed on a website at: {www.sba.gov/financing/saipeligibleareas.pdf}. Maximum loan maturities in accordance with the 7(a) and 504 program are 25 years for real estate and equipment and 7 years for working capital. Rates negotiated between the borrower and lender but are subject to SBA maximums which are pegged to prime rate. Applications available online at: {www.sba.gov/library/forms.html}. Contact the SBA office listed below to be directed towards the most compatible lender and appropriate channels. U.S. Small Business Administration, Baltimore District, Office SBA, Frances Hensen, Chief, Finance Division, City Crescent Building, 6th Floor, 10 S. Howard Street, Baltimore, MD 21201; 410-962-4392; Fax: 410-962-1805; {Frances.Henson@sba.gov}; {www.sba.gov/financing/frcaip.html}."

Grant URL: http://www.sba.gov/financing/frcaip.html

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