The US DOT, Office of Small and Disadvantaged Business Utilization (OSDBU) provides financial services to disadvantaged and woman-owned enterprises through its Short Term Lending Program (STLP). OSDBU's partners in this important line of business are minority banks and surety bonding agents.
The STLP provides revolving lines of credit to finance accounts receivable arising from transportation-related contracts. The primary collateral consists of the proceeds of the contracts. Borrowing under the lines of credit are to meet the short term costs of performing the contract(s) being financed.
To be eligible: