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
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