Benefits and Fees

Benefits

  • Borrower’s Benefits
    • Repayment periods up to 25 years;
    • Interest rates comparable to U.S. Treasury rate for comparable-term securities;
    • Up to 87.5 percent financing;
    • Fixed or floating rates; and

Fees

  • 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