Coastal Community Capital Apply for a loan online today
5 Patti Page Way, Centerville, MA 02632
Mon - Fri      8:30 AM - 5:00 PM
508 790 2921

Business Acquisition

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
QUALIFICATIONS   
  • Cooperative
  • Corporation
  • Partnership
  • Legal Entity Organized & Operated on a Profit Basis in Rural Areas
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
STRUCTURE  
TYPE OF LOAN  
USES
  • Business Acquisitions
    • Business Conversion
    • Enlargement
    • Repair
    • Modernization
    • Development
  • Industrial Acquisitions
    • Purchase & Development of Land
    • Easements
    • Rights-of-Way
    • Buildings
    • Facilities
  • Purchase of:
    • Equipment
    • Leasehold Improvements
    • Machinery
    • Supplies
    • Inventory

Other terms and Conditions will apply. Prices, terms and conditions subject to change without notice on all loan products.

 

Last updated: May 16, 2012

Lending. Growth. Success.

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