|
To become an intermediary lender, applicants must meet three general criteria:
-
Be organized as a nonprofit organization, quasi-governmental economic development corporation, or an agency established by a Native American Tribal Government;
- Have made and serviced short-term fixed rate loans of not more than $35,000 to newly established or growing small businesses for at least one year; and
- Have at least one year of experience providing technical assistance to its borrowers.
|
|