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.  Generally our interest rates on approved loans range from prime plus 2% to prime plus 4%.  Repayment terms can be customized to meet your business needs and will not exceed 10 years. All of our loans are 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 Note
• 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.