Commodity loan - Loan Dimension and Terms ( Simple Quick Loan)

Commodity loan - Loan Dimension and Terms ( Simple Quick Loan)

Loan Dimension and Terms

- Optimum Loan Size: $250, 0005
-- Terms: 7–10 years with regard to working capital, inventory, company acquisitions,
tenant improvements, as well as start-up expenses
- Conditions: 25 years for property
- Interest Rate: as much as Prime + 6%
-- No pre-payment penalties

Eligibility

There are particular eligibility criteria for the city Advantage loan,
which include credit rating, cash flow and business experience. A
designated Community Advantage lender can help a small company owner
determine if they are able to qualify by reviewing a good eligibility form. 6

Referrals

[1] "Community Advantage". Ough. S. Small Business Management. Retrieved 13
December 2012.
[2] Clifford, Catherine. "New small company loans approved in 'minutes'".
CNN Cash. Retrieved 13 December 2012.
[3] "SBA Approves First Six Lenders to begin Making Community Advantage
Loans". Ough. S. Small Business Management. 28 April 2011. Gathered 13
December 2012.
[4] "Community Benefit Approved Lenders". U. Utes. Small Business
Administration. Gathered 13 December 2012.
[5] "Community Benefit Participant Guide" (PDF). Ough. S. Small Business
Management. 13 November 2012. Gathered 13 December 2012.
[6] "Eligibility Info for Community Advantage (CA) Loans" (PDF).
Ough. S. Small Business Management. Retrieved 13 December 2012.