Business Loans

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^{Project: Ultimate Soccer Arena, Pontiac | Total Project: $8,209,407 | Bank: Lake Trust Credit Union}^{| Jobs Created/Retained: 29}

CEED Lending

USE OF FUNDS Equipment, machinery, inventory, minor leasehold

LOAN AMOUNT
Up to $50,000

TERMS
Up to 6 years

RATE

Fixed at closing

USE OF FUNDS Working capital, fixed assets, building improvements, inventory

LOAN AMOUNT
$50,000 to $200,00

TERMS
5-10 years

RATE

Fixed at closing

USE OF FUNDS

Fixed assets
Building improvements,
construction, renovation,
acquisition and related soft costs
Land acquisition and improvements
Machinery and equipment
Refinancing

LOAN AMOUNT
$250,000 to $13 million

TERMS
5,10, and 25 years

RATE

Fixed at closing

BORROWER EQUITY

10%

USE OF FUNDS Non-profit and manufacturing entities fixed assets financing

LOAN AMOUNT
$2 million to $10 million

TERMS
Varies by project.

RATE

Varies