| With increasing awareness of health hazards from | | | | install new equipment, utilize it in working capital, or |
| polluted water, there has been a considerable craze | | | | any other business-related expense approved by the |
| among households and companies to get their | | | | federal government. These loans cannot however be |
| drinking water first tested before using it. Increasing | | | | used for refinancing or restructuring of other bank |
| levels of health consciousness has driven up the | | | | loans or debts. |
| market for water quality testing across the globe and | | | | Such a loan facility necessitates the business owner |
| Philadelphia is no exception. Research analysts | | | | to create at least one permanent job within one year |
| suggest that this business segment has high potential | | | | following the loan sanction. SBLP can fund the entire |
| in future as awareness on health care only seems to | | | | project cost and only charges a fixed interest cost |
| be on the rise. | | | | during the tenor. |
| Expenditure Analysis: | | | | Direct Loan Program (DLP): |
| If you intend to set up such a service centre then | | | | DLP comprises mortgage loan programs that work |
| you must do a study of how much an establishment | | | | together with private financing units to give small |
| can cost you. There is considerable establishment | | | | businesses long-term finances for business expansion. |
| expenditure, since you will have to install advanced | | | | Such loan facilities are only offered to businesses in |
| equipment that can check the water purity by | | | | the areas of tourism, industrial application, services, |
| deciphering the amount of organic and inorganic | | | | and agribusiness. Retail ventures are not eligible for |
| compounds in it. Finding loans for the same however, | | | | this loan category. |
| will not be difficult as the US government together | | | | DLP can finance up to 25% of the entire project |
| with the private sector is on a look out for | | | | cost; its participation can however increase if the |
| supporting businessmen like you to accelerate the | | | | business creates more permanent jobs within one |
| economic activity in the state. | | | | year. DLP necessitates the business owners to infuse |
| There is an array of options you can choose from, | | | | at least 10% towards acquisition of the fixed assets |
| such as: | | | | for business expansion. |
| Small Business Loan Program (SBLP): | | | | Borrowers can use the loans obtained through this |
| These programs are offered to manufacturing, | | | | program to acquire land and buildings, buy or install |
| service, technology, or agribusiness industries. Such | | | | equipment, utilize it in working capital, or any other |
| companies must be into retailing and not into | | | | business-related expense approved by federal |
| provision of personal or professional services to | | | | government. The loan has fixed interest rates and is |
| qualify for availing the program. | | | | not disbursed until the entire project, as specified in |
| Borrowers can use the loans obtained through this | | | | the loan application, is complete. |
| program to obtain land and buildings, purchase or | | | | |