| For small business and not-for-profits - capital projects. |
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♦ Second mortgage loan
♦ Up to 40% of total project cost (loan dollar cap $2.5 million)
♦ Fixed rate
♦ Long term (20 - 30 years)
♦ Good Rate (based on treasury plus modest spread)
♦ Capital asset related |
| What makes it different from other programs? |
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♦ Available to small businesses or not-for-profit entities seeking
to acquire/construct/renovate building, condo, coop, leasehold
improvements, equipment
♦ Available to for profit small business seeking to refinance a
building it already owns
♦ Available to for profit small business not eligible for SBA 504
(i.e. 504 requires 51% minimum occupancy - if the company is
planning to occupy only 40 - 45% we can use this program) |
| Available throughout the Northeast, under the auspices of the nationally
renowned Community Reinvestment Fund. Brings the benefits
of the secondary market to our small business and not-for-profit
community. |
For Information Call Us at 866-433-5432 or email Us
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