Interest Rates & Requirements

Our loan interest rates, terms, security, and reporting requirements are reflective of the level of risk involved and are assessed at the discretion of our volunteer Board of Directors who determine the rates on a case-by-case basis. Repayment terms can be customized to meet your business needs and are amortized for a maximum of ten years with all loans being reviewed annually. Our loans are repayable in full at any time without penalty.

In all cases we seek to obtain adequate security to ensure repayment in the event of default. Types of security frequently taken include, but are not limited to, the following:

• Promissory Notes
• Real Property Mortgage/Assignment of Insurance
• General Security Agreement
• Personal Guarantee
• Subrogation/Postponement
• Assignment of Life Insurance

All of our loan clients are required to submit income statements to us regularly, throughout their fiscal year, for the duration of the loan.