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Purchasing or re-powering your boat?
Dealing in a seafood product?
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Ideal
Project |
Ideal for
businesses in the seafood and commercial fishing industries. |
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Project
Size |
$10,000 and
up. |
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Qualifications |
Loans are
available for start-up, existing, and for-profit businesses. |
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Terms |
Working
capital up to 5 years, equipment up to 10 years, real estate
up to 20 years, and business acquisition up to 10 years. |
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Interest
Rates |
Current
market rates reflecting average risk. |
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Repayment |
Structured
to meet your business needs, including seasonal repayments. |
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Collateral |
Required |
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Servicing
Fees |
None after
closing. |
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Example |
An
experienced lobsterman can only fish 400 of his 800
permitted lobster pots with his existing vessel. He wants
to purchase a larger vessel and maximize the number of pots
he fishes. Coastal Community Capital structures a loan
allowing the borrower to purchase a larger vessel and to
purchase additional pots with monthly payments made from
monthly cash flow. |
Other terms and Conditions will apply. *Prices, terms and conditions
subject to change without notice on all loan products.
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