CDFI Grow-Biz Fund

• For businesses located within the CDFI tract
• Loan amount up to $250,000
• Requires 10% equity injection towards project cost
• Fixed interest rate
• Financing uses
• Machinery and equipment purchases
• Inventory purchases
• Working capital needs
• Land and building purchases/renovations – the business must occupy at least 51% of the premises
• Leasehold improvements
• Technology Based Companies
• Refinance of loans on unreasonable terms