Type of Loan & Use of Proceeds |
- Term Loan
- Working capital
- Furniture and fixtures
- Machinery and equipment
- Purchase of land and building including construction and renovations
- Business Acquisition
- Refinancing of existing debt
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- Term Loan
- Revolving line of credit
- Use of proceeds: Same as SBA 7(a)
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- Term Loan
- Structure
- 10%: Down for Borrower
- 40%: Financing from CDC
- 50%: Financing from Bank
- 15% down for New or Special
- Acquisition, Construction, Renovation of Building
- Machinery & Equipment Purchase
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Maximum Loan Amount
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Up to $5,000M
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Up to $350M
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Up to $5,000M
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Guaranty portion
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75%~85%(85%=$150M or less) (75%=Over $150M)
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50%
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100% of CDC portion
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Guaranty Fee (based on guaranteed portion)
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- 2.0%: < $150M
- 3.0%: $150M~700M
- 3.5%: > $700M
- 3.75%: If guaranty portion is over $1,000M
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Same as SBA 7(a)
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- 3.15%
- Guaranteed fee: 0.5%
- CDC Processing fee: 1.5%
- Funding / Underwriting:1.15%
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Minimum Maturity
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- Working Capital : 10yrs
- Equipment : Useful life
- Property : 25yrs
- Mixed Use : Weighted Avg
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- Same as SBA 7(a)
- LOC - 7yrs including term out period
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- Property: 20yrs
- Equipment: 10yrs
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Activity Fees
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- $6.00 per month
- $0.50 for each deposit
- $0.15 for each check paid
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After 300 transactions, a $0.50 fee is assessed for each succeeding transaction
- list 1
- list 2
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