| |
Texas Capital Fund Grant Infrastructure |
Texas Capital Fund Real Estate Loan |
Economic Development Agency (E.D.A.) Public Facilities |
Due Diligence in Economic Development |
| Use |
* Public infrastructure:
- Water & sewer
- Road/street improvements
- Natural gas lines
- Electric, telephone
- Harbor/channel dredging |
* Purchase of real estate, Improvements and related infrastructure |
* Public infrastructure:
- Water & sewer
- Road/street improvements
- Natural gas lines
- Electric, telephone
- Harbor/channel dredging
- Improvement to Industrial Parks
|
* Consult with Communities in regards to:
- Potential Prospect
- Incentive Policies
- Under Write Projects
- Financial Structuring
- Obtaining Third Party Financing
|
| Size |
* $50,000 to $750,000 |
* $50,000 to $750,000 |
* $100,000 to $1,500,000 up to 60% of cost |
* $100,000 to $1,500,000 up to 60% of cost |
| Term |
* Three years or until contract is closed |
* 20 yrs, real estate and improvements |
* None |
* Not Applicable |
| Interest Rate |
* None |
* Interest Free Loan |
* None |
* Not Applicable |
| Eligibility |
* Community must be located in a
Non-entitlement communities and Project must retain or create jobs. |
* Community must be located in a
Non- entitlement communities and project must retain or create jobs. |
* Project must be located in a EDA's designated eligible community as defined by the EDA and retain and create jobs. |
* Project may be located in a rural or urban community. |
| Collateral |
* Written Contract |
* Business assets, with personal or corporate guarantee |
* Project's assets |
* Not Applicable |
| Fees |
* Ruiz Co. - 2% of Grant request or Contract Administration |
* Ruiz Co. - 2% of loan request or Contract Administration |
* Ruiz Co. - negotiable and based on Amounts and Beneficiaries |
* Ruiz Co. -$1,000.00 plus Travel Expenses |
| Benefits |
* Grant for off site infrastructure
* Interest free loan for on site infrastructure |
* Low down payment
* Long-term maturities
* Reduced monthly payment |
* No repayment
* 40% match |
* Identify strengths, weakness and goals of project
* Structured Incentives
* Third party recommendations |