FIVE KANKETA “SPLIT LINE”

                                SMALL BUSINESS LOAN LEVELS

$50,000 Loan

Loan Size

$50,000**

Pre-Payment Penalty

None

Term

10 Years

Interest Rate

Currently 8.75%, Variable*

Bank Processing Fee

$1,500 paid from loan proceeds

 Bank Documentation Fee

$350 paid from loan proceeds

Personal Guarantee (Unsecured)

All 20% or more owners

Industry

All Eligible Small For-Profit 
Businesses as defined by SBA

Equity Required

None***

Security

Best Available

Ownership

Maximum 3 owners

Balloon Payment

None

Min. Monthly Revenue

 $4,000

$75,000 Loan

Loan Size

$75,000

Pre-Payment Penalty

None

Term

10 Years

Interest Rate

Currently 7.75%, Variable*

Bank Processing Fee

$1,500 paid from loan proceeds

Bank Documentation Fee

 $500 paid from loan proceeds

Personal Guarantee (unsecured)

 All 20% or more owners

Industry

All Eligible Small For-Profit 
Businesses as defined by SBA.

Equity Required

None***

Security

Best Available

Ownership

Maximum of 3 owners

Balloon Payment

None

Min. Monthly Revenue

$6,000

$100,000 Loan

Loan Size

$100,000

Pre-Payment Penalty

None

Term

10 Years

Interest Rate

Currently 7.75%, Variable*

Bank Processing Fee

$2,000 paid from loan proceeds

Bank Documentation Fee

 $500 paid from loan proceeds

Personal Guarantee (unsecured)

 All 20% or more owners

Industry

All Eligible Small For-Profit Businesses
as defined by the SBA

Equity Required

None***

Security

Best Available

Ownership

Maximum of 3 owners

Balloon Payment

None

Min. Monthly Revenue

$8,000

 

$125,000 Loan

Loan Size

$125,000**

Pre-Payment Penalty

None

Term

10 Years

Interest Rate

Currently 7.75%, Variable*

Bank Processing Fee

$2,500 paid from loan proceeds

Bank Documentation Fee

$500 paid from loan proceeds

Personal Guarantee (unsecured)

 All 20% or more owners

Industry

All Eligible Small For-Profit Businesses
as defined by the SBA

Equity Required

None***

Security

Best Available

Ownership

Maximum 3 owners

Balloon Payment

None

Min. Monthly Revenue

$10,000

$150,000 Loan

Loan Size

$150,000

Pre-Payment Penalty

None

Term

10 Years

Interest Rate

Currently 7.75%, Variable*

Bank Processing Fee

$2,500 paid from loan proceeds

Bank Documentation Fee

$500 paid from loan proceeds

SBA Guarantee Fee

$2,550 paid from loan proceeds

Personal Guarantee (unsecured)

 All 20% or more owners

Industry

All Eligible Small For-Profit 
Businesses as defined by SBA.

Equity Required

None***

Security

Best Available

Ownership

Maximum of 3 owners

Balloon Payment

None

Min. Monthly Revenue

$12,000

 

LOANS have a variable rate of WSJ Prime Rate + 2.75%.  The current WSJ Prime Rate is 5.00% and is subject to change. The monthly payment amount is based on the current variable rate.

***  At a minimum, an equity injection of 10% of the total project costs for start-up businesses is required.  A business is considered a "start-up" if it has been in operation (i.e., generating revenue from intended operations) for up to one year.