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|
| Loan Amount |
$10,000 to $1,400,000
|
| Collateral Types |
Miscellaneous Equipment, Real Estate, UCC-1 Financing
Statement securing business assets, or other pledged forms of collateral
|
| Term |
7 years (15 and 25 year terms available)
|
| Amorization |
Full Amortization. (25-year loan programs are typically real estate secured)
|
| Interest Rates |
Variable Rate adjusted quarterly
|
| Loan-to-Value |
85% - 90% financing available
|
| Prepayment |
3-Year Prepayment if the amortization is over 15-years
|
| Purpose |
To purchase land, construct new buildings, business acquisition, expansion, working capital, and equipment financing.
|
| Minimum Debt |
Typically 1.00x or >
|
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