D. LIne of Credit Options.xlsx

	A	B	C
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3		Option A: Traditional Bank	Option B: Charter Companies
4	LOC $	4,000,000	4,000,000
5	Collateral	W/open loans will cross collateralize which would be unsecured; w/bond issue is a different requirement; it will become an issue and need to figure out. Typically 2 types of sources of security one is revenue and the other is building	10% of Revenue
6	Deposit Required?	No	No
7	Amortization Schedule	Revolving	7-10 years
8	Payment	Within same year	Matches amortization schedule
9	Prepayment Penalty	No	No but price on charge date thru maturity
10	Interest rate type	Short term line of credit	Variable
11	Interest rate index	Prime - 50 basis points	Prime (current is 7.5%) + %
12	Fees	No charge for unused fees, just fees for applying and getting LOC in place approx. $5k	Closing fee between 1.5-2% but may be different since our intent is to not draw from it outside of an emergency
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