The maximum loan amount for a borrower (and related borrower) has been increased from $1 to $1.15 million which includes the following:
$1 million for term loans of which a maximum of $500,000 includes:
equipment and leasehold improvements loans (up from $350,000); and
$150,000 for intangible assets and working capital costs.
Plus
$150,000 for lines of credit for working capital costs (which is over and above the $150,000 that can be used for working capital costs under the term loan product).
The maximum loan amount for a borrower (and related borrower) has been increased from $1 to $1.15 million which includes the following:
$1 million for term loans of which a maximum of $500,000 includes:
equipment and leasehold improvements loans (up from $350,000); and
$150,000 for intangible assets and working capital costs.
Plus
$150,000 for lines of credit for working capital costs (which is over and above the $150,000 that can be used for working capital costs under the term loan product).