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Pros and Cons of Debt Refinancing
So you had taken a business loan out when the business was in its early stages. Perhaps the rate was a little higher or the loan amount a little lower than you had requested, or maybe the lender required an additional guarantor or additional collateral. You may even use factoring of your receivables when things get tight. Read more>
Funding opportunity for businesses in Barnstable’s Downtown Hyannis Revitalization Strategy Area
Coastal Community Capital has teamed up with the Town of Barnstable to support businesses located in Barnstable’s Downtown Hyannis Revitalization Strategy Area! For a limited time, financing of up to $50,000 will be offered to eligible businesses at 2% fixed interest rate for 5 years. Funds may be used to establish, stabilize or expand a business.
Among the eligibility requirements are the following:
- Business must be located in Downtown Hyannis Revitalization Strategy Area (specific downtown Hyannis area). Call for determination.
- Must employ 5 or less employees including the owners. Each employee, whether full time or part time, is counted as 1 employee.
- Funds may not be used for facade or signage improvements.
- Loan must be secured with real estate collateral, unless used to purchase a vehicle with a VIN number.
Act soon, as funds are limited! Prices, terms and conditions subject to change without notice. Equal Opportunity Employer.
For more information and the full list of eligibility requirements, contact us today at 508-362-3755 or email firstname.lastname@example.org.