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• Industrial projects include manufacturing and construction businesses, <br />essentially businesses engaged in the production of a product <br />• Commercial projects include retail and wholesale trade business <br />• Service projects include businesses that provide a service to individuals or <br />businesses, i.e., those not engaged in the production of a product or the sale <br />of merchandise, however, for IRF purposes they do not include businesses <br />involved in public administration <br />The IRFs preferences are not based on these particular categories but, rather, <br />the quality of the jobs being provided by the individual borrower and whether <br />tho se j obs are rel ated to the exporting of goo d s or services. <br />1.2. Business Status <br />The anticipated percentage of IRF investments for these categories is as <br />follows: <br />New business <br />45% <br />Expansion <br />40% <br />Retention <br />15% <br />While these are anticipated percentages of IRF investments, they are neither <br />minimums nor maximums, only general guides. <br />1.3.Loan Type <br />The anticipated percentage of IRF loans for these categories is as follows: <br />Working capital 30% <br />Fixed assets 70% <br />While these are anticipated percentages of IRF loans, they are neither <br />minimums nor maximums, only as general guides. <br />2. Private Investment Leveraging Ratio for the Overall Portfolio <br />The portfolio ratio of private funds to IRF finds will be maintained at 2:1 or <br />higher. This may include the non -guaranteed portions and ninety percent of the <br />guaranteed portions of US. Small Business administration 7(A) and 504 loans. <br />17 <br />