Information

Infomation to be Provided with Loan Application

Copies of Bids/quotes, sales agreements etc. supporting project

 

Business Financial Information Operating Company,

Real Estate holdings

 

3 years of Balance sheets, income

and Cash Flow Statements or Tax Returns

 

Debt Schedule

 

Personal Financial Statements and 3 years tax returns

 

Matching funds source including confirmation Letter/Approval/Commitment

 

Start-up Businesses

A business plan will be required. One can

be obtained for free through the Small Business

Development Center (SBDC). The plan should be

based o market conditions where the business will

be located and include a 3-year pro format balance

sheets and cash flow statements with supporting

information.

 

Loans

Loan amounts are up to $150,000.

 

Loans are usually for manufacturing

 

funds can be used for business start-up,

buildings, additions, new and used equipment

including upgrades.

 

Rates are below market, call for our current rates!

 

Loan Terms

 

1% origination fee

 

For Equipment: Up to 7 years depending on

the amount of the loan and payment

 

For Real Estate: Up to 10 years depending on

the loan amount and payment

 

The maximum term is 10 years unless an

exception is granted.