Program	Coastal RLF	Coastal RTA
Program Purpose	Supplemental financing for expansion and start-up projects of small businesses which will create jobs in areas effected by the declines in fishing and timber industries	Low interest loans for purchase of technical assistance or community development strategies
Source of Public Funds	Economic Development Administration (EDA)	Economic Development Administration (EDA)
Use of Proceeds:  Fixed Assets Working Capital Equipment	Yes Yes Yes	Payment for pre-development services to architects engineers market consultants and other professionals
Borrower	Developer, owner/user or quasi-governmental unit (e.g. ports)	Developer, owner/user, city, county, or quasi-governmental unit (e.g. ports)
Location Restriction	Yes—Coastal Counties	Yes- Coastal Counties
Type of Financial Assistance	Direct loan	Direct loan
Maximum Amount of Public Loan per Project	$150,000	Private Borrower: $50,000 Public Borrower: $50,000
Maximum Percent of Project Cost Eligible for Public Financing	33%	Private: 90% Public: 100%
Practical Minimum Amount of Public Financing	$5,000	$5,000
Maximum Term of Loan:	Real Estate: 15 years Working Capital: 3-5 years	Private Borrower: 1-5 years Public Borrower: 8 years
Public Funds Interest Rate	Fixed	Private Borrower: Fixed Public Borrower: Interest-free, 3 years; sliding scale thereafter
Typical Equity-% of Project Costs	10% to 20%	Private: 10% Public: 0%
Job Criteria	One job created/retained per $10,000 to $15,000 of federal participation	Proposals and strategies must show potential for job creation
Loan Decision Authority	Local Loan Board	Local Loan Board

Updated December 2008