OBJECTIVES: To provide guaranteed loans to small businesses, which are unable to obtain financing in the private credit marketplace, but can demonstrate an ability to repay loans granted. Guaranteed loans are made available to low-income business owners or businesses located in areas of high unemployment, nonprofit sheltered workshops and other similar organizations which produce goods or services; to small businesses being established, acquired or owned by handicapped individuals; and enable small businesses to manufacture, design, market, install, or service specific energy measures. The SBA s 7(a) lending authority includes: 1) the Low Documentation Loan Program (Low Doc); 2) the Cap Line Program; 3) FA$ TRAK Program, formerly the Small Loan Express; 4) the Women s Pre-qualification Program; and 5) Minority Pre- qualification Program ELIGIBLE APPLICANTS: (a) Small business (less than 500 employees); APPLICATION AND AWARD PROCESS: Application Procedure: Applications are filed by the participating lender in the field office serving the territory in which the applicant s business is located. Where the participating lender is in another territory, applications may be accepted and processed by the field office serving that territory, provided there is mutual agreement between the two field offices involved. (See listing of field offices in Appendix IV of the Catalog.) Award Procedure:
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