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5 Patti Page Way, Centerville, MA 02632
Mon - Fri      8:30 AM - 5:00 PM
508 790 2921

Debt Refinancing

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
QUALIFICATIONS            
  • Cooperative
  • Corporation
  • Partnership
  • Legal Entity Organized & Operated on a Profit Basis
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.
STRUCTURE  
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

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