Tax Credit Program For New Markets
Geared Towards Low Income Areas To Expand Businesses & Boost Jobs
ICA now provides this tax credit program as an equity and debt financial option. Established to start-up businesses can take advantage of this program. This is for direct use to the communities deemed underserved by conventional sources of capital.
The New Markets’ Tax Credit Program is a Government-Guaranteed Program designed as a financial options to businesses in disadvantaged or rural areas. The goal of this program is to attract long-term commercial investors, to historically low-income and rural communities, in the hopes to promote expansion and to create jobs.
Industries That Can Take Advantage:
- Business Services
Business Investment Size:
- $750,000-$10 million
- Company Characteristics
- Start-up to Mature Businesses
- Types of Financing Available
- Senior/Senior-Stretch Debt
- Subordinated/Mezzanine Debt
Uses Of Capital:
- Owner Occupied Commercial Real Estate
- Key Business Equipment
- Working Capital
- Ownership Transitions
- Partner Buyouts
- Business Acquisitions
For A Limited Time SBA Makes the First 3 Months of Payments For You
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