Frequently Asked Questions for Lenders: General
How is the subsidy determined? 
For a business more than 3 years old, the maximum subsidy is $10,000 per Full Time Equivalent (FTE) job created or retained.
For a start-up or a business less than 3 years old, we compare the average income and unemployment rate in the county where the business is located, against State averages. This sets the subsidy amount at $10,000, $15,000 or $20,000 per FTE job created or retained.
Is there a maximum total project cost?
No, however, the LiDL Subsidy will only subsidize the interest rate on eligible uses of proceeds up to $99,000. If the loan amount is greater than $99,000, you may draft two separate Notes. The LiDL Note is written at the rate of Prime minus one percent while the unsubsidized Note is written at your conventional interest rate. You may also choose to draft one Note for the entire loan amount at a blended interest rate during the two-year term of the subsidy.
What financing options can we use in combination with LiDL?
We encourage you to combine as many sources as possible when completing a financing package. Other sources that have been combined with the LiDL Subsidy include the WHEDA Small Business Guarantee (WSBG), the U.S. Small Business Administration (SBA), Department of Commerce and county or local revolving loan fund financing.