Natcore is not looking for loans, they are looking for grants. Even with this new technology, that has received the loans, for making thinner wafers, they will still need Natcore's AR coating technology to enhance their product.
I like Natcore's cautious approach, staying away from debt, that will eat up any profits, possibly for years to come. When Natcore's processes start into the manufacturing phase, which is not too far off at this point, it's all going to be money in the shareholders pocket! We won't be paying principle and interest on some huge loans! Natcore is on the right path, IMHO.