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Title XI
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Benefits and Fees
Benefits and Fees
Benefits
Up to 87.5 percent financing
Longer term maturities - up to 25 years
Fixed or floating rates
Attractive interest rates
Application Fee
$5,000
Credited against investigation fee
Investigation Fee
1/2% of first $10,000,000
1/8% of amount in excess of $10,000,000
Guarantee Fee
1/2% to 1% of average amount of outstanding obligations
Fee determined based upon borrower's financial condition
Present value of cumulative annual fees due at initial closing
Fee can be financed
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Title XI
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