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Onal 20 ILP Intermediaries to participate in the program and receive ILP Loans of up to $1 million in 2012. ILP Loans have a 20 year term and an interest rate of 1%, with the first payment deferred for two years. SBA collects no fees on the loans and requires no collateral. An ILP Intermediary must use the ILP Loan proceeds to make loans of up to $200,000 to startup, newly established, or growing small businesses. Eligible intermediaries, which include private, nonprofit community development co.

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