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Southeastern MA Business Lenders
Need Debt Refinancing?
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Business Assets Your Only Collateral?
Loan guarantees may be used to refinancing existing debt, establish a new
business or to assist in the operation, acquisition, or expansion of an
existing business including working capital. Does not require traditional
collateral coverages
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Ideal
Project |
This loan
is ideal for working capital, machinery and equipment,
buildings and real estate and certain types of debt
refinancing. |
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Project
Size |
Up to $2
million. |
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Eligible
Businesses |
Cooperative, corporation, partnership, or other legal entity
organized and operated on a profit basis. |
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Terms |
Subject to
standard bank underwriting. Guarantee up to 75%. |
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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 |
Subject to
bank underwriting. |
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Servicing
Fees |
Fees after
closing |
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Example |
An employee
wishes to purchase a business from the business owner. The
purchase includes business assets. The bank is willing to
lend against financial projections, but asks Coastal
Community Capital to secure a 75% 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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