| Key Benefits |
- 10, 20 or 25 year fixed rate options
- Equity injection as low as 10%
- Subordinate financing to primary lender
- Funding Uses and Purposes
|
| Land Acquisition |
- Building / construction / expansion / renovation
- Long-term machinery and equipment
- Soft costs related to above items
- Commercial mortgage refinancing
|
| Eligibility |
- Borrowers must be for-profit businesses or farms with a tangible net worth < $15 million and 2-year average net income < $5 million
|
| Loan Structure |
- A commercial bank will provide senior financing for 50% of project costs
- CAN DO Finance will provide an SBA 504 loan in a subordiante position for up to 40% of project costs
- Borrower will provide a minimum of 10% equity injection into the project
|
| Amounts |
- $5 million maximum loan amount for most borrowers up to 40% of project costs
- $5.5 million maximum loan amount for manufacturers and certain energy efficient projects up to 40% of project costs
|
| *Additional Info |
Special purpose properties and new company loans reduce the maximum loan amount to no more than 30-35% of project costs |
