This program offers up to $150,000 to support your business's operating costs for a whole year. You can utilize these funds for crucial expenses, such as hiring key employees or maintaining steady working capital. This is a unique opportunity tailored for businesses like yours that aim to grow and create jobs, all while easing financial pressures.

Since the funds are designed for operating costs, they provide you the flexibility to invest without the immediate pressure of repayment. This means you can focus on expanding your team and stabilizing your finances, leading to stronger business growth. Plus, because there are no minimum or maximum revenue requirements, any business qualifies, making this an accessible financing option that suits your needs.

By applying for this loan, you’ll tap into a resource that can make a real difference in your operations. It’s an opportunity to enhance your business's potential without the stress that usually comes with financing. Let us help you navigate this process to get the support you deserve.

The financing provided is a Working Capital Loan.

• Loan Amount: You can receive a maximum of $150,000 to cover your business operating costs for one year.
• Repayment Term: This loan typically comes with a one-year repayment term. It’s important to consider how this aligns with your business cash flow.
• Interest Rates: The specific interest rates will depend on various factors, but generally, they are designed to be manageable for business owners.

Eligible Expenses:

• Funds can be used for:
  • Maintaining steady working capital
  • Covering expenses related to hiring key employees
  • Projects that help create or maintain jobs

Ineligible Expenses:

• The funds cannot be used for:
  • Research and Development (R&D) expenses

Fees:

• Be aware that there might be some associated fees, but these will be discussed in detail during the application process. Check with your program contact for any specifics.

By understanding these details, you can better prepare your business for how to utilize this funding effectively.

• Location: Business must be located in the DEL region.
• Legal Status: Business must be legally constituted.
• Profitability: Business must demonstrate profitability.
• Growth Potential: Business must show growth potential.
• Employee Requirements: No minimum or maximum number of employees is required.
• Revenue Requirements: No minimum or maximum company revenue qualifications.

Disqualifications:

• Activities must exclude R&D expenses.

This program offers up to $150,000 to help you cover your business's operating costs for a full year. You can use this money for essential expenses, including hiring key employees. Maintaining steady working capital is crucial, and this funding is designed to support projects that either create or maintain jobs in your business.

The money is a loan, so it's important to keep in mind that you’ll need to pay it back. However, having access to these funds can provide you with the financial freedom to invest in your operations without the immediate pressure of repayment, giving you time to see real growth in your business.

By tapping into this program, you can ensure that your business runs smoothly while also focusing on expanding your team. This support plays a vital role in stabilizing your finances and fostering job creation, which can ultimately lead to greater success for your company.