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Southeastern MA Business Lenders
Need to Finance a Non-Profit?
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Loan guarantees may be used to establish a new non-profit or to assist in the operation, acquisition or expansion of an existing non-profit including working capital.
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Ideal Project
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This loan is ideal for non-profit acquisitions; non-profit 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
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Up to $10 million.
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Eligible Businesses
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A nonprofit business; an Indian tribe on a Federal or State reservation or other Federally recognized tribal group; a public body; or an individual.
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Terms
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Subject to standard bank underwriting. Guarantee up to 90%.
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Interest Rates
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Subject to standard bank rates which are generally at market and fixed.
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Repayment
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Subject to bank underwriting.
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Collateral
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One to one collateral required.
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Servicing Fees
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Subject to annual renewal fees.
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Example (need story)
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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.
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Other terms and Conditions will apply. *Prices, terms and conditions subject to change without notice on all loan products.
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