is used to finance major capital investment in facilities, machinery or equipment. The loan amount a company is eligible to receive depends on the number of jobs to be created, which is generally $65,000 per new job up to a maximum of $5 million ($5.5 million if certain community goals are achieved). For small manufacturers, the maximum loan amount is $4 million but companies are eligible for $100,000 in loan proceeds for each new job created. Terms can range from 10 to 20 years with interest rates tied to rates for 5 and 10-year Treasury Bonds. The Small Business Technology Development Center in Sylva administers the program for the Mountain West region.
