The above information should be prepared and submitted prior to any meeting. After an initial meeting with FCCRG personnel, the company may be invited to submit an application for project financing. At that point, the normal review and approval process will be initiated. An invitation to submit a full application should not be construed as an acceptance or approval of the project.
Revolving Loan Funds
That ratio is determined by the FCCRG on a case-by-case basis.
The pool may finance between 15-25% of eligible project costs.
The project owner will be required to invest a minimum of 10% of project costs as equity.
Eligible project costs include the acquisition of real estate and/or capital equipment.
Interest rates are determined solely by the FCCRG based upon the strength of the project, current market conditions and strength of the collateral offered.
Terms will be flexible, but will mirror the economic life of the assets acquired with loan proceeds.