image displayed if flash reader not installed

$2 Million Debentures

Alacom Finance's portion of the 504 Loan may be as large as $2 million for projects, which are affected by these federal public policy goals:

  • Business District Revitalization
  • Expansion of Exports
  • Minority Business Development
  • Rural Development
  • Enhanced Economic Competition
  • Changes Necessitated by Federal Budget Cutbacks
  • Business Restructuring Arising from Federally Mandated Standards or Policies
  • Veterans and Women (51% Ownership Required)

In any case, the 504 portion of the loan can not exceed 40% of the total project cost.

The maximum debenture for "small manufacturers" is $4.0 million. A small manufacturer is defined as a small business concern that has:
Its primary business classified in sector 31-33 of the North American Industrial Classification System (NAICS); and All of its production facilities located in the United States

In order to qualify for a $4 million 504 Loan, the Small Manufacturer must:

  • Meet the definition of a Small Manufacturer described above
  • Create or Retain at least 1 Job per $100,000