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Program Highlights: |
Purchase or
Refinance: |
- Quick Commitment & Closing
- Loan Terms up to 25 Years
- No Balloon
- Loan to Value up to 90%
- Competitive Interest Rates Fixed &
Floating Tied to WSJ Prime
- Loans are Assumable
- Closing Costs can be Financed
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- Business Startup
- Business acquisitions
- Machinery, Equipment, Furniture &
Fixtures purchases
- Real estate purchase or refinance
- Building improvements
- Working capital
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Eligible
Borrowers: |
Maximum
Repayment Terms: |
- Independently owned and operated
- Not dominant in its field
- Meeting employment and sales standards
Created by the agency
a. Manufacturing: 500 to 1,500 Employees
b. Construction: Annual sales
$7.0 to $17.0
Million
c. Wholesale: Not exceed 100 employees
d. Retailing & Service: Annual sales $3.5
to $13.5 Million
e. Agriculture: $0.5 to $3.5 Million |
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- Working Capital, 7 years
- Machinery and Equipment, 10 years
(or useful life)
- Real Estate Loans, 25 years
- Indexed to WSJ Prime
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