Maximum Use of Maximum Benefits to Loan Guaranty …
Equity: 10% plus additional 5% if new business and/ or 5% if special use property. Long -term, fixed asset loans; Lender (non - guaranteed) financing secured by first lien on project assets. CDC loan provided from SBA 100% guaranteed debenture sold to investors at fixed rate secured by 2nd lien. CDC Loan: 10 or 20-year term fixed interest rate. ................
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