What is the New Market Tax Credit Business Loan Real Estate Program?
New Market Tax Credit Business Loan-Real Estate offers qualify borrowers yet another business financing option that may be the best financial choice. Eligible borrowers can obtain loans with lower interest rates and term up to 25 years, creating a lower monthly payment and allowing borrowers to keep more cash in their businesses. The New Market loan enables borrowers to expand and renovate their existing properties, buy the properties outright, or purchase additional property for business expansion. The New Market Tax program helps revitalize targeted urban and rural geographic areas through the retention and creation of jobs, the renovation and expansion of vacant business properties, community facilities, and the purchase of major equipment for business expansion. What is the New Market Tax Credit Business Loan Guideline? USE OF FUNDS: Takeout or permanent financing for businesses (including non-profit businesses) seeking to purchase, construct (new or expansion), or rehabilitate bui
