Loans are
eligible for a guarantee up to 90 percent
Only the
unguaranteed portion of a loan counts toward the loan to value ratio required by FDIC
The
guarantee can be offered to the lender with very flexible security requirements.
Guaranteed
loans can be combined with the CF direct loan and grant programs in order to reduce the
overall interest rate to improve cash flow on a project
All CF
guarantees are fully marketable in the secondary market
All CF
loans are counted as Community Reinvestment Act eligible projects
Only the
unguaranteed amount of a loan counts against the lender's loan limit, based on FDIC rules.
Interest
rates are determined by the lender and the borrower.
For a
combination Direct loan and Guaranteed loan, the Direct loan may be subordinate to the
Guaranteed loan
Recreation
loans are now eligible for the CF guaranteed loan program only.
