Fiscal Year 2016: Some of the funded projects are followed:
1. Hooper Bay Airport Improvements, Knik Construction Co., Inc.
is the prime contractor and the project is to resurface the existing runway and runway safety area, relocating the apron, and resurfacing and extending the taxiway to the new apron, and constructing two new snow removal equipment buildings.
2. Shishmare Airport Resurfacing project with Knik Construction Co., Inc.
as the prime contractor.
The project is to rehabilitate and resurface runway, taxiway, and apron; construct pads and replace panels for snow fence; and replace runway, taxiway, and apron lighting.
Fiscal Year 2017: No Current Data Available Fiscal Year 2018: No Current Data Available
The Department of Transportation's mission is to ensure fast, safe, efficient, accessible and convenient transportation that meets vital national interests and enhances the quality of life of the American people, today and into the future.
|Recipient||Amount||Start Date||End Date|
|Knd Licensed Electrical Contracting & Services Corp.||$ 750,000||   ||2007-09-17||2008-12-17|
|K.n.j., Inc.||$ 10,000||   ||2008-01-25||2008-04-25|
|Merkury Corp||$ 375,000||   ||2006-12-21||2008-02-28|
|Altech Services, Inc.||$ 55,000||   ||2006-11-09||2008-02-26|
|Faller Davis & Associates||$ 500,000||   ||2006-12-21||2008-02-21|
|B.e.g., Inc||$ 365,000||   ||2007-01-26||2008-02-14|
|Natech||$ 450,000||   ||2007-01-05||2008-01-25|
|K.n.j., Inc.||$ 300,000||   ||2006-11-09||2007-02-09|
|Bloom Companies, Llc||$ 500,000||   ||2006-10-06||2007-01-06|
|$ 0||   |
Fiscal Year 2016: In 2016 one Short Term Lending Program loan was approved for a total of $250,000. The loan was approved to assist the Hooper Bay Improvements project and the Shishmare Airport Resurfacing project. Fiscal Year 2017: No Current Data Available Fiscal Year 2018: No Current Data Available
Uses and Use Restrictions
The line of credit is for account receivable financing to support work being performed on transportation related contracts.
The line of credit cannot be used for equipment purchase or other long term uses; contract mobilization refinancing of existing debt; payment of taxes; or distribution to stock holders.
The borrower must have a federally funded transportation contract.
Discretionary funds are used to fund the STLP.
The STLP is a guaranteed loan program.
The loans assist small and disadvantaged businesses by providing accounts receivable financing of eligible transportation related contracts.
The recipient of a line of credit must be a certified DBE, or certified small business, including; 8(a); Small Disadvantaged Business (SDB): HUBZONE; Women-Owned Small Business (WOSB); and Service-Disabled Veteran-Owned Business (SDVOB).
For DBE's, this certification must be performed under DOT guidelines, 49 CFR Part 26.
The applicant must be in business for 2-3 years.
This program is not for start-up businesses There must be an existing transportation- related contract(s).
Transportation-related contract is a contract for the maintenance, rehabilitation, restructuring, improvement, or revitalization of any of the Nation's modes of transportation with any public or commercial provider of transportation or any Federal, State or local transportation agency.
Small Business/Small Business Person.
STLP application dated and signed; 3 years of business financial statements and taxes; 3 years of personal income taxes and current personal financial statement; current work-in-progress; cash flow projection to cover the length of the term of the loan (one year); current DBE or SBA certification; business formation information; company history; resume of key management; business and trade reference letters; and a copy of the signed transportation related contract(s). 2 CFR 200, Subpart E - Cost Principles applies to this program.
Aplication and Award Process
Application and checklist can be found at www.osdbu.dot.gov/financiallassistance/shorttermlendingprogram.cfm Information, consultation is available at http://osdbu.dot.gov or by calling the DOT Office of Small and Disadvantaged Business Utilization (OSDBU) at 1-800-532-1169.
Potential applicants may also contact OSDBU or their local U.S.
DOT Small Business Transportation Resource Center (SBTRC) for assistance in the preparation of the application package.
SBTRC locations may be found at http://www.osdbu.dot.gov/regional/index.cfm .
An environmental impact assessment is required for this program.
This program is excluded from coverage under E.O.
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program.
Applicants are presented to Participating Lenders by OSDBU?s Small Business Transportation Resource Centers (SBTRCs) and are either approved/disapproved for Guaranteed STLP Loan (Based on PL?s requirements) If approved by the PL, the loan application is then presented to the OSDBU Loan Board. Decisions are made within 30 to 60 days from the time the complete application is submitted to the PL.
Moving Ahead for Progress in the 21st Century (MAP-21), Public Law 97-449, 49 U.S.C 332.
Range of Approval/Disapproval Time
Decisions are made within 30 to 60 days from the time the complete application is submitted to the PL.
Applicant may apply for renewal of line of credits as long as they remain eligible (certification is current and they have a current transportation related contract). Renewals and increases in the line of credit are possible. The maximum period of eligibility is 5 years.
Formula and Matching Requirements
Statutory formulas are not applicable to this program. Matching requirements are not applicable to this program. MOE requirements are not applicable to this program.
Length and Time Phasing of Assistance
Approved lines of credit are for one year terms with the possibility of renewal for four additional years. See the following for information on how assistance is awarded/released: Lines of credit disbursed by certified invoices presented to the Participating Lender.
Post Assistance Requirements
Monthly and quarterly reports are required by the Participating Lenders and Small Business Transportation Resource Centers.
Cash reports are not applicable.
Quarterly progress reports are made by the participating lenders and Small Business Transportation Resource Centers.
Expenditure reports are not applicable.
Participating Lenders are required to monitor and report on line of credit (loan) status on a monthly and quarterly basis.
In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, non-Federal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503. DOT has the right to audit its accounts with the banks.
All line of credit approvals will be maintained for 7 years and non-approvals will be maintained for 3 years. Follow NARA standards.
(Salaries) FY 16 $250,000; FY 17 est $1,000,000; and FY 18 est $0 - Funds are used to for S&E as well as subsidies, and bank administrative fees. 2017 Estimate total loan portfolio value: 8,158,000 2016 Actual total loan portfolio value: 250,000.
Range and Average of Financial Assistance
The maximum line of credit is $750,000. There is no minimum line of credit amount.
Regulations, Guidelines, and Literature
Public Law 97-449, 49 U.S.C. 332.
Regional or Local Office
Clinton Dunn 1200 New Jersey Ave., S.E., Washington, District of Columbia 20590 Phone: (800) 532-1169.
Criteria for Selecting Proposals