NEPA provides a number of revolving loan programs to assist area businesses. The programs feature:
- Below market interest rates
- Low down payments
- Interest rates are fixed for the life of the loan
- Jobs must be retained or created
- Legal fees apply
- Loan terms range from 3-15 years
- A range of business sectors are eligible for loan consideration (eligibility varies according to specific program)
- Funds are available up to 50% of costs with a loan ceiling of generally $5.5 million
- Collateral and personal guarantees, assignment of life insurance and business liability and casualty insurance are generally required
The International Trade Program’s objective is to make businesses aware of the benefits of international trade and consequently more competitive in securing increased revenues. NEPA provides:
- Direct assistance to help businesses become more competitive in the global marketplace
- Help to businesses to become more aware of international opportunities
- Assistance to businesses new to global markets
- Assistance to more seasoned businesses looking to expand their global presence
- Registration and certification assistance
- Customized bid matching services
- Solicitation review and bid preparation assistance
- Sub-contracting assistance
- Electronic commerce and internet resources Networking opportunities
- One-on-one counseling and business outreach services
- Contract histories, specifications, standards and regulations