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.