Intermediary Relending Program - IRP
The IRP is a program specifically for rural communities. It is designed to help owners of existing small businesses finance new growth. Prospective owners of small businesses can finance new buildings or equipment, or acquire and remodel existing facilitites. If you have been thinking about expanding but need an unbiased assesment of the possibilites, give us a call.
Benefits of the IRP are:
- Flexible Terms - 15 yr. max on Real Property,
7 yr max on working Capital and Inventory
- Borrower Injection as little as 15%.
- Below Market Fixed Interest Rates.
- No prepayment penalty
|