The Arkansas Development Finance Authority may make grants, direct loans, or loan guaranties to:
(1) New or existing:
(A) Title IX revolving loan funds;
(B) Small business investment companies; and
(C) Specialized small business investment companies;
(2) The Division of Minority and Women-owned Business Enterprise of the Arkansas Economic Development Commission;
(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) An entrepreneur as described in the Entrepreneur Fee Waiver Pilot Program under § 15-5-714.
Structure Arkansas Code
Title 15 - Natural Resources and Economic Development
Subtitle 1 - Development Of Economic And Natural Resources Generally
Chapter 5 - Arkansas Development Finance Authority
Subchapter 7 - Arkansas Development Finance Authority Small Business Act of 1989
§ 15-5-702. Legislative findings and declaration of public necessity
§ 15-5-705. Funding or guarantee of loans — Conditions
§ 15-5-706. Evaluation of small-business persons
§ 15-5-707. Small Business Revolving Loan Fund — Investment of funds
§ 15-5-708. Applications — Supporting documents
§ 15-5-709. Applications — Review — Confidentiality and public disclosure — Notice
§ 15-5-710. Liability of authority's members and staff
§ 15-5-712. Power to make grants and loans
§ 15-5-713. Funding of qualified investments
§ 15-5-714. Entrepreneur Fee Waiver Pilot Program — Definition