Conditions for eligibility of a disadvantaged business for a guaranteed loan

Conditions for eligibility of a disadvantaged business for a guaranteed loan. (1) Any business applying for a guaranteed loan must be certified as a disadvantaged business by the department; and (2) Any business applying for a guaranteed loan must have a current contract with the department or a current sub-contract for work let by the department; and (3) Any business applying for a guaranteed loan must have a demonstrated ability to perform the work of the contract or sub-contract.