SHORT TERM LENDING PROGRAM

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What is the U.S. Department of Transportation Short Term Lending Program?

• Guarantees up to $750,000 in loans with participating lenders for eligible small
  and disadvantaged businesses.
• The loan guarantee provides a revolving line of credit for work on transportation-
  related contracts.
• The interest rate of the loan is a variable rate tied to the Wall Street Journal Prime Rate.
• The line of credit covers a one-year period, but is renewable for up to five years.
• Funds are to be used only to meet the short-term costs of performing the
  contract(s) being financed.

Who Can Apply?

Three types of businesses are eligible for an STLP loan if:
The firms have received DOT DBE certification from a state or local transportation
agency;

• The firms have been certified by the SBA either as an 8(a), Small Disadvtanged
  Business or HUB Zone;
• The firms have received DOT DBE certification from a state or local
  transportation agency; and
• Firms that have received a disability rating by the Veteran’s Administration and
  certify themselves as a Service Disabled Veteran Owned Small Business
  (SDVOSB)

In addition, the business must have:

• DOT federally funded, in whole or in part, transportation-related contract, i.e.
  maintenance, rehabilitation, restructuring, improvement, or revitalization of any
  local, state or federal mode of transportation.
• The business must have an established track record.
• The business must be current on all federal and state taxes.

The California Participating Lender is National Bank of California. Contact person is Robert Kaplan,
VP Business Banking Department. Phone number is (323) 655-6001 x 212 or email at rkaplan@nbcal.com.

For more details and a list of lenders: Visit www.osdbu.dot.gov or contact: Nancy Strine,
Manager, Financial Assistance Division at telephone: 1-800-532-1169 or 1-202-366-1930
or email: nancy.strine@dot.gov.