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Loans may be used for, but not limited to: upgrading display lighting, advertising and promotion, payroll for additional staff and training, purchase of computers to enhance inventory control, and the purchase of display cabinets, furniture and fixtures. Fixed asset loans of up to $20,000 for terms not to exceed seven years. 40% JDA Loan.
Inventory is exempt from property tax. Bond proceeds cannot be used for working capital or inventory. DELAWARE – updated for 2014. Delaware Capital Access Program (DCAP): Provides portfolio insurance to participating financial institutions enabling the financial institution to expand its small business lending.
Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. Funds may be used to acquire equipment, make leasehold improvements, purchase recycled raw materials and inventory or acquire real property.
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