Power to make grants and loans

  1. Law
  2. Arkansas Code
  3. Natural Resources and Economic Development
  4. Development Of Economic And Natural Resources Generally
  5. Arkansas Development Finance Authority
  6. Arkansas Development Finance Authority Small Business Act of 1989
  7. Power to make grants and loans

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The Arkansas Development Finance Authority may make grants, direct loans, or loan guaranties to:

  1. (1) New or existing:

    1. (A) Title IX revolving loan funds;

    2. (B) Small business investment companies; and

    3. (C) Specialized small business investment companies;

  2. (2) The Division of Minority and Women-owned Business Enterprise of the Arkansas Economic Development Commission;

  3. (3) A certified community development financial institution under the Riegle Community Development and Regulatory Improvement Act of 1994, Pub. L. No. 103-325; and

  4. (4) An entrepreneur as described in the Entrepreneur Fee Waiver Pilot Program under § 15-5-714.


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