Loan

• Purchase real estate or facilities
• Equipment acquisition
• Inventory
• Permanent working capital

Qualifications

• Good credit history
• Adequate repayment capability
• Adequate collateralization

Maximum Limit

• Up to $100,000 in some cases, can go up to $250,000

Rates and Terms

• Variable
• Prime rate plus 4.0% – 6.0%
• Maximum term of up to 10 years for working capital
• Maximum term of up to 10 years or useful life for equipment

Collateral

• All available business and personal assets (i.e. accounts receivable, inventory, machinery, equipment, and real property)
• In some cases, the borrower may be required to obtain a state loan guarantee for the credit

Loan Fees

• 2% – 3% fee
• $250 – $350 documentation fee
• All “Out-of-pocket” expenses

Loan Purpose

• Operational expenses
• Working capital
• Equipment financing

Maximum Limit

• Up to $100,000

Rates and Terms

• Variable
• 8.0%
• Maximum term of 7 years

Collateral

• Available business and personal assets (i.e. accounts receivable, inventory, machinery and equipment, and real property)

Loan Fees

• 2% fee
• $250 – $350 processing fee
• All “Out-of-pocket” expenses

Loan Purpose

• Crop production
• Harvest loans
• Improvements
• Equipment financing

Maximum Limit

• Up to $25,000

Rates and Terms

• Variable
• 8.25%
• Annual crop loan

Collateral

• Available business and personal assets (i.e. accounts receivable, inventory, machinery and equipment, and real property)

Loan Fees

• 2% fee
• $250 – $350 processing fee
• All “Out-of-pocket” expenses

Loan Purpose

• Equipment acquisition
• Plant improvement
• Inventory
• Permanent working capital
• Farm related business or commercial business (no agriculture production loans)

Qualification

• Business located within unincorporated (rural) areas, cities or towns with a population of 25,000 or less

Maximum Limit

• $150,000 for each borrower, or 75% of the total project financing
• In some instances, loans may be made up to $250,000 when secured by real estate

Rates and Terms

• Variable
• Prime rate plus 3.75%
• Maximum term of 15 years

Collateral

• Available business and personal assets (i.e. accounts receivable, inventory, machinery and equipment, and real property)

Loan Fees

• 2% fee
• $250 – $350 processing fee
• All “Out-of-pocket” Expenses

Loan Purpose

• Equipment acquisition
• Plant improvement
• Inventory
• Permanent working capital

Qualification

• Business located within unincorporated (rural) areas, cities or towns with a population of 50,000 or less
• Farm related business or commercial business (no agriculture production loans)

Maximum Limit

• Up to $50,000 for each borrower, or up to 75% of total project financing

Rates & Terms

• Fixed
• 9.0%
• Maximum term of 10 years

Collateral

• Available business and personal assets (i.e. accounts receivable, inventory, machinery, equipment, and real property)

Loan Fees

• 2% fee
• $250 – $350 processing fee
• All “Out-of-pocket” expenses

Loan Purpose

• Finance UST removal and replacement, under-dispenser containment, dispensers, leak detection equipment; piping, enhanced vapor recovery, and enhanced leak detection.

Qualification

• Owners or operator of small independent UST facilities needing to comply with specific requirements.

Loan Limit

• $10,000 – $750,000

Rates and Terms

• Below conventional market rates
• 10 years secured by Uniform Commercial Code Financing Statement (UCC) on business assets; or
• 20 years secured by a Deed of Trust on real estate with adequate equity

Collateral

• Available business and personal assets (i.e. accounts receivable, inventory, machinery and equipment, and real property with adequate equity)

Loan Fees

• 2% fee