|5 Patti Page Way, Centerville, MA 02632||directions|
|Mon - Fri 8:30 AM - 5:00 PM||about|
|508 790 2921||contact|
As a small business owner, sometimes what holds you back the most are sky high interest rates. Whether you want to consolidate many different loans into something more manageable or lock in a lower interest rate, Coastal has the answers. Our 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. What's more, our debt refinancing program does not require traditional collateral coverages.
|IDEAL PROJECT||Purchase business from business owner including business assets. Bank lends against financial projections, Coastal secures a 75% loan guarantee for the remaining portion, occassionally lending additional dollars for working capital.|
|PROJECT SIZE||Up to $2 million|
|TERMS||Subject to standard bank underwriting. Guarantee up to 75%.|
|INTEREST RATES||Subject to standard bank rates. Generally at market and fixed.|
|REPAYMENT||Subject to bank underwriting.|
|COLLARTERAL||Subject to bank underwriting.|
|SERVICING FEES||Fees after closing.|
|TYPE OF LOAN|
|USES||Ideal for working capital, machinery & equipment, buildings & real estate, and certain types of debt refinancing.|
Other terms and Conditions will apply. Prices, terms and conditions subject to change without notice on all loan products.
Last updated: May 16, 2012