With any of the PLP loans, the financial institution identifies potential opportunities for state participation. To participate, the lender must submit the Master Agreement below to DCEO.

The four loan programs are: 

• The Standard Participation Loan Program (PLP) - designed to enable small businesses to obtain medium to long-term financing, always will be in the form of term loans, to help them grow and expand their businesses. DCEO participation is subordinated to the lender and has a "below market" interest rate.
  
  
• Minority/Women/Disabled/Veteran-Owned Businesses- similar to the Standard PLP. However, the amount of financial support may range depending on loan term, MWDV majority control/ownership.
  
  
• Revolving Line of Credit (RLOC PLP)-similar to the Standard PLP except in the form of a revolving line of credit. Maximum term is two years and further support requires reapplication.
  
  
• PLP Support of Small Business Administration SBA-7A Activity- Basic structure similar to the Standard PLP. This program allows the lender to secure SBA-7A Guarantee support covering its own exposure in the overall financing. DCEO's support is subordinated to both the lender's and SBA's respective positions.

Funding from these programs can be used for many business purposes, Including, but not limited to:

• start-up costs,
• working capital,
• business procurement,
• franchise fees,
• equipment,
• inventory,
• as well as the purchase, construction, renovation, or tenant improvements of an eligible place of business that is not for passive real estate investment purposes.

Printable Fact Sheet About PLP

List of Participating Banks (Coming Soon)

Information for Lenders