|5 Patti Page Way, Centerville, MA 02632||directions|
|Mon - Fri 8:30 AM - 5:00 PM||about|
|508 790 2921||contact|
At Coastal, we understand the importance of business growth and expansion. We also understand that sometimes that means purchasing an existing business with a strong history and continued growth potential. Sometimes working through traditional lenders is not enough. Coastal is here to help.
Our 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.
|IDEAL PROJECT||Expansion through purchasing existing business including real estate and business assets. Bank lends against real estate, Coastal secures 80% loan guarantee for remaining portion, occassionally including additional dollars for working capital.|
|PROJECT SIZE||Up to $10 million|
|TERMS||Subject to standard bank underwriting. Guarantee up to 80%.|
|INTEREST RATES||Subject to standard bank rates. Generally at market and fixed.|
|REPAYMENT||Subject to bank underwriting|
|COLLATERAL||One-to-One collateral required|
|SERVICING FEES||Subject to annual renewal fees|
|TYPE OF LOAN|
Other terms and Conditions will apply. Prices, terms and conditions subject to change without notice on all loan products.
Last updated: May 16, 2012