Small Business Loans | Springfield, MO – Official Website
For the savvy business owner there are still multiple options available. Like Thanks! Small business loans are harder to come by especially since traditional banks are no longer interested in providing them like they once did. For the savvy business owner there are still multiple options available. Rating:
For the original version including any supplementary images or video, visit http://consultingfinancialservices.com/buisness-loans/small-business-loan-options/
There is no maximum loan amount, except the loan shall not exceed the actual cost of the rehabilitation and/or development costs of the project. Loan Terms Ninety Day LIBOR (London Interbank Offered Rate) plus 95 points per annum simple interest, adjusted monthly 5% minimum interest rate Secured by appropriate collateral and personal guarantees Negotiable amortization, with principal due in 20 years Loans generally not assumable Approval Process A Loan Committee comprised of senior staff personnel assigned by the Director of Planning and Development reviews and evaluates all loan applications. The committee is provided legal counsel by an Assistant City Attorney. Strict and lengthy federal environmental review regulations apply, prior to the commitment of any funds to a project, whether public or private. Applications must be submitted on the application form approved by the Loan Committee.
For the original version including any supplementary images or video, visit http://www.springfieldmo.gov/660/Small-Business-Loans