National
NAFTA Relief Offered
The U.S. government has come to the rescue of small firms impacted by the North American Free Trade Agreement (NAFTA). Firms in 35 designated communities nationwide can apply for loan guaranties of up to $750,000 through the Small Business Association's (SBA) 7(a) loan program, the North American Development Bank (NADBank) or the Department of Agriculture's Business and Industry Loan Program. The cost of the loans and loan guaranties will be underwritten by NADBank.
Eligible businesses must be located in one of the designated impacted areas, meet conventional SBA loan standards and size requirements, and be able to show that proceeds will help the company create or retain one job for every $35,000 loaned.
Continue reading this article - and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5.
Get 3 months free with code zendesk
Presented by Zendesk
Entrepreneur Editors' Picks
-
Zooey Deschanel Embraces the Word 'Quirky' and Thinks Businesses Should Too
-
A Simple (But Not Easy) Guide to Achieving Almost Any Dream
-
Making Time to Be 'Useless' Is a Vital Part of Creating Anything Valuable
-
A Billionaire Who Operates More Than 2,400 Franchises Knows These Types of Franchisees Make the Most Money
-
How Relentless Optimism Fuels Success for Hilary Schneider, CEO of Shutterfly
-
The Paradox of Celebrity Tequila
-
Social Media Was Draining Me, So I Gave It Up. My Business Has Never Been Stronger.
