Total Loan Request
The Total Loan Request cannot exceed the Total Project Cost or $15,000
The Total Loan Term
For a loan under $5,000 the maximum term is 3 years.
For a loan between $5,000 and $10,000 the maximum term is 5 years.
For loans above $10,000 the maximum term is 10 years.
*There is a mandatory Recording Fee ($93.00) and Administrative Fee (2.7% of loam amount.) These fees can be incorporated into the loan.