This program offers you a valuable opportunity to secure loans for critical aviation projects such as hangars and General Aviation terminals. With a maximum loan term of 17 years, you get the flexibility to manage repayments without immediate financial strain. This means you can focus on enhancing your facilities and expanding your services while investing in your business's future.

By taking advantage of this program, you can improve your operations with funding for utilities, fueling facilities, and other Caltrans eligible projects. This kind of financial backing is tailored to your specific project needs and financial situation, making it a practical choice compared to traditional financing options.

In California's competitive landscape, having this support is crucial for your success. Being approved can empower your business significantly, ensuring you have the resources to thrive while making a positive impact in your community. Plus, qualifying for this program is straightforward—no complicated revenue or employee requirements stand in your way.

Type of Financing
This program offers loans specifically designed for airport-related projects. The maximum term for these loans is 17 years. The amount you can borrow will depend on the feasibility of your project and your financial situation.

Repayment Terms and Interest Rates
Details about specific interest rates have not been provided. However, you can expect reasonable repayment terms that are manageable for your business. There may be flexibility in repayment based on your unique financial circumstances.

Eligible Expenses
You can use the funds for projects such as:

• Building hangars
• Developing General Aviation (GA) terminals
• Installing utilities
• Establishing GA fueling facilities
• Projects related to Caltrans Acquisition and Development
• Covering your local share for a federal Airport Improvement Program grant

Ineligible Expenses
It's important to note that these funds cannot be used for non-airport related expenses or personal uses.

Fees
Check for any fees associated with the loan application process. It's best to review the specific guidelines or contact the program for detailed fee information.

• Location: Business must be based in California.
• Sectors: Open to all business sectors.
• Ownership: All ownership groups are applicable.
• Legal Structure: All legal structures are eligible.
• Profit Structure: All profit structures are applicable.
• Employees: No minimum or maximum employee requirement.
• Revenue: No minimum or maximum revenue requirement.

Disqualifications:

• No specific disqualifications mentioned in the context provided.

This program offers loans for essential projects in the aviation sector, such as hangars and General Aviation (GA) terminals. You can receive funding tailored to the feasibility of your project and your financial health. The maximum loan term is 17 years, giving you ample time to pay it back.

Your funding can be used for various improvements, including utilities, fueling facilities, and other Caltrans eligible projects. This flexibility allows you to enhance your business while facilitating growth in your community.

By tapping into this opportunity, you can improve your facilities and expand your services without immediate financial strain. This loan program is designed to empower your business, ensuring you have the resources to thrive in California's competitive environment.