Loan Details

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 loansĀ above $10,000 the maximum term isĀ 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.