CDFI Small Business Growth Collaborative Product and Pricing Summary November 14, 2011

Transcription

1 CDFI Small Business Product and Pricing Summary November 14, 2011 Small Business Loans Range $1,000-$10,000,000 4%-14.99% 6 months months Green/Energy Loans Range $15,000-$5,000,000 2%-14% 12 Months-120 Months SBA 504 Loans Range - $5,000, % % 120 months months SBA 7 (a) Loans Range $50,000 - $5,000,000 6%- 12% 12 months months USDA Loans (IRP) Range $1,000-7% - 10% 12 months months USDA Loans (B&I) Range - $10,000,000 5% - 8% 36 months months Micro Loans Range $500 - $500,000 7% % 3 months months Miscellaneous Loans Range $1,000 - $5,000,000 7% % 12 months months

2 Summary of Small Business Loans 1 Small Business Loans Range $1,000-$10,000,000 4%-14.99% 6 months months Detailed Product Information on Small Business Loans Virginia Hope Montana First Northern Initiatives New Hampshire Loan Valley Center, Inc. (VEDC) Coastal s, Inc. (CEI) Product Name Small Business Credit Solutions Description Amount Interest Working, Equipment and Real Estate $50,000/$10,000,000 Based on Market Conditions 12 months -20 years Loans $2 million-$ 5 million 5-9% months Loan Small Business Loans $50,000 - $1,000,000 Loan $1,000 -$1,000, %- 11.5% Small Business Business Builder Small Business Loan Small Business Permanent Working and Equipment Debt for Main street, chamber and/or value added businesses 4% - 10% 12 months months months $50,000-$500, % 1-10 years $10,001- $500,000 10% 1 yr to 10 yrs Small Business Loans $50,000 - $450,000 3-Mo Libor +7.5% / Prime + 4% Direct loans to start-up, existing and growing Maine small businesses $50,000-$300,000 Interest rates are fixed and determined by CEI 36 Months - 60 Monthss Up to 15 years 1 Small Business Loans do not include the following ( SBA, USDA, and products that the s identified as green, subordinated, real estate, child care, or Native). 1 of 2

3 Summary of Small Business Loans 2 (Continued) Small Business Loans Range $1,000-$10,000,000 4%-14.99% 6 months months Detailed Product Information on Small Business Loans Access to for Entrepreneurs Product Name Description Amount Interest Small Business Start or expand a business $51,000 - ACCION Texas Mid/large loan $50,000 to Seedco Financial Services, Inc. Entrepreneur Natural Investment, Inc Seattle and Institute Small Business Loans Business Expansion Loans Small business Small Business Loan Eligible uses include equipment financing, inventory financing, leasehole improvements, working capital, debt refinancing for small businesses located in a targeted LMI community. Small business loans, used for a variety of uses for established businesses. Loan proceeds can be used for inventory, machinery and equipment, real estate acquisition, or other working capital purposes Small loans for startup, newly established, or growing small businesses $50,000 - $50,001 - $150,000 $15,000 $150,000 $10,000 - Business Loan $ % mos 4 to 9% 5 years to 20 years 8%/10% 6-60 months 7% - 9.5% 1 year - 10 years tied to prime plus 2-3% 3 to 15 9% - 11% 1 year to 7 years 7.5%-12% 6 mos-5 years 2 Small Business Loans do not include the following ( SBA, USDA, and products that the s identified as green, subordinated, real estate, child care, or Native). 2 of 2

4 Summary of Green/Energy Loans Green/Energy Loans Range $15,000 - $5,000,000 2%-14% 12 Months Months Detailed Product Information on Green/Energy Loans Southeast dba Pathway Lending Product Name Description Amount Interest Energy Efficiency/Renewable Energy Up to 100% financing for retrofits, building upgrades, replacement purchases or other projects. $20,000 - $5,000, % Up to 10 Years Access to for Entrepreneurs Georgia Green Loans Start or expand ecofriendly business or product/service $51, % months Access to for Entrepreneurs Save & Sustain Commercial energy efficiency $51,000-3% months People PF Green Loans Green - Environmentally Conscious Businesses (rate reduced 1.0%) Green up to Green 7.5%- 14% 24 months - 84 months Natural Investment, Inc. Small Business Energy Loan Provides affordable, flexible business loans to qualified West Virginiabased businesses in the areas of green building, energy efficiency and renewable energy $15,000- tied to prime plus 2-5% 3 to 15 New Hampshire Loan Energy Loans Sub Debt for renovation to reduce energy costs up to 2% 7 yrs

5 Summary of SBA 7 (a) Loans SBA 7 (a) Loans Range $50,000 - $5,000,000 6%- 12% 12 months months Detailed Product Information on SBA 7 (a) Loans NDC Grow America Valley Center, Inc. (VEDC) Seattle Northern Initiatives Entrepreneur Product Name Description Amount Interest SBA 7 (a) Debt $50,000 - $5,000,000 Advantage Program SBA 7(a) loans Advantage 7 A Loans SBA Guaranteed Loan Program Loans for new or existing businesses SBA 7 A Loan Guarantee $50,000 - $50,000 - $50,000- SBA 7a $75,000 - $150,000 WSJ P to 2.0 Prime + 3%/4% 7 years - 25 years 36 months months 7% - 12% 1 year - 7 years Prime to Prime +4 1 year- 25 years 6% - 7.5% 3 years - 7 years

6 Summary of SBA 504 Loans SBA 504 Loans Range - $5,000, % % 120 months months Detailed Product Information on SBA 504 Loans Product Name Description Amount Interest ACCION Texas SBA 504 Real Estate and Heavy Equipment $350,000 to $5.5 million market 3.56% 10 years to 20 years Colorado 504 Gap/ Commercial Loan All business needs for companies falling within SBA guidelines max 10% to $250k, not to exceed half of CDC req equity injection 9.99% to 14.99% match bank loan's terms

7 Summary of USDA (B&I) Loans USDA Loans (B&I) Range - $10,000,000 5% - 8% 36 months months Detailed Product Information on USDA (B&I) Loans Product Name Description Amount Kentucky Highlands Investment USDA B&I Loans Offers long term fixed rate financing Up to $10 million Intere st Market s Northern Initiatives USDA Business and Industry Loans B & I Loan Guarantee - $2,500, % 3-25 years

8 Summary of USDA (IRP) Loans USDA Loans (IRP) Range $1,000-7% - 10% 12 months months Detailed Product Information on USDA (IRP) Loans Product Name Description Amount Kentucky Highlands Investment USDA IRP Loan To make loans of $50,000- $50,000 - to start ups or existing business Montana USDA IRP Loan Rural loan funds $1,000 - Interest Based on risk 7% - 10% 60 months to 180 months 12 months months

9 Summary of Micro Loans (including SBA and USDA) Micro Loans Range $500 - $500,000 7% % 3 months months Detailed Product Information on Micro Loans (including SBA and USDA) Seattle Montana ACCION Texas Northern Initiatives Coastal s, Inc. (CEI) Entrepreneur Kentucky Highlands Investment Access to for Entrepreneurs Product Name Description Amount SBA/USDA Small loans for startup, $5,000 - Microloan newly established, or $500,000 growing small businesses SBA and MBDC Microloan Microloans $1,000 - Micro loan $500 - Microloans Using SBA and USDA RMAP $4,000- $50,000 Microloans SBA Microloan Program Direct loans to start-up, existing and growing Maine small businesses Loans for start-up purposes, or where traditional financing isn't available To make loans of $50,000 or less to startup or existing businesses $1,000- $50,000 $1,000 - $50,000 $500- $50,000 Micro Loans $500 - $50,000 NewCorp, Inc. SBA Small Business Administration Microloan New Micro For self employed, Hampshire tradespeople, artisans and others needing < $10k Loan Colorado Pronto Loan Available to any business with a viable model $1,000- $35,000 $1,000 - $10,000 $1,000 - $6,000 Interest 7% - 9% 1 year to 60 months 7% - 10% 12 months months 10.50% 3 months to 6 years % 6 months- 6 years Interest 5-10 years rates are fixed and determined by CEI 8% - 12% 1 year - 7 years 7%-10% 0-72 months 7%/10% 1 year/ 6 years 10% 1 yr to 2 yrs 9.99% to 14.99% Up to 36 months

10 Summary of Miscellaneous Loans Miscellaneous Loans Range $1,000 - $5,000,000 7% % 12 months months Detailed Product Information on Miscellaneous Loans Southeast dba Pathway Lending Southeast dba Pathway Lending Colorado First Northern Initiatives Natural Investment, Inc. Montana Montana Product Name Description Amount Interest Equipment Financing Real Estate Financing Commercial Mini Mortgage Financing (Up to 100% LTV) for the purchase of Equipment or Heavy Machinery Financing (Up to 100% LTV) for the acquisition or refinancing of Commercial or Industrial Real Estate All business needs for companies falling within SBA guidelines $20,000 - $5,000,000 $20,000 - $5,000,000 up to $500,000 Line of Credit $1,000- $500,000 Subordinated Debt Subordinated Loans Native American Loan Childcare Loan Working or Equipment Done in Conjunction with a Bank NCIF extends term loans to startup companies or businesses with fewer than five years of operating history. Loan proceeds can be used for inventory, machinery and equipment, real estate acquisition, and other working capital purposes. Loans for NA owned businesses or that serve NA people $25,000 - $15,000 - $1,000 - Childcare loans $1,000 - Prime + 2.0% - Prime + 4.0% Prime + 2.0% - Prime + 4.0% 9.99% to 14.99% prime plus 1.25%-3%, floor 7% Up to 10-Year (or Useful Life) Up to a 10-Year 3, 5 or 7 year balloon On demand, annually renewable % 1-7 years tied to prime plus 2-5% 3 to 7 7% - 10% 12 months months 7% - 10% 12 months months