04 NCAC 01F .0413. FINANCING PROGRAMS

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The community leadership shall be able to demonstrate the ability to provide the industrial prospect with a variety of conventional and governmental financing programs. Banks and financial institutions should be able to express a positive posture toward conventional financings such as mortgages, term loans and "private placements". The community should document their record of "Local Development Corporation" financing for industry and their record of supporting loan packages with the Small Business Administration, The Economic Development Administration and the Farmers Home Administration. The county shall have an industrial revenue bond authority.

History Note: Authority G.S. 143B‑429; 143B‑430;

Eff. February 11, 1980.

                    
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