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Business Assets Your Only Collateral?
Loan guarantees may be used to establish a new business or to assist in
the operation, acquisition or expansion of an existing business including
working capital.
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Ideal
Project |
This loan
is ideal for business and industrial acquisitions; business
conversion, enlargement, repair, modernization, or
development; purchase
and development of land, easements, rights-of-way,
buildings, or facilities; and purchase of equipment,
leasehold improvements, machinery, supplies, or inventory. |
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Project
Size |
Up to $10
million. |
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Eligible
Businesses |
Cooperative, corporation, partnership, or other legal entity
organized and operated on a profit basis
in rural
areas. |
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Terms |
Subject to
standard bank underwriting. Guarantee up to 80%. |
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Interest
Rates |
Subject to
standard bank rates which are generally at market and fixed. |
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Repayment |
Subject to
bank underwriting. |
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Collateral |
One to one collateral required. |
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Servicing
Fees |
Subject to
annual renewal fees |
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Example |
A business
owner wishes to expand by purchasing a competitor. The
purchase includes real estate and business assets. The bank
is willing to lend against the real estate but asks Coastal
Community Capital to secure an 80% loan guarantee for the
remaining portion. In some cases, Coastal Community Capital
will lend additional dollars for working capital. |
Other terms and Conditions will apply. *Prices, terms and conditions
subject to change without notice on all loan products.
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