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Eastern States

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  • Posted on 23rd Sep, 2022 05:02 AM
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This story appears in the September 1999 issue of Entrepreneur. Subscribe »

Companies in the , remanufacturing and environmentalindustries that create jobs in rural and urban economicallydistressed areas can apply for financing of $50,000 to $1 millionfrom the Sustainable Jobs Fund (SJF). Targeting firms in theEastern United States, this fund offers seed, expansion and growthcapital to entrepreneurs who will create quality jobs in areas thathaven't benefited from the nation's economic boom.

According to co-founder and managing director David Kirkpatrick,the provided is "patient" capital that can beeither subordinated , royalty debt or straight equity, and norepayments are required during the . Typically, repaymentis done over five to six years, with an interest rate in the low 20percent range.

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