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It provides specialized and professional assistance to businesses seeking assistance with contracting and subcontracting opportunities with the Department of Defense (DOD), other federal agencies or state and local governments. RHODEISLAND. of Commerce Division of Economic Development and Finance (EDF).
The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. RHODEISLAND.
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