Monday, August 27, 2012

Gas Station Refinance, Cleaned Up Gas Leakage: SBA Loan

Loan Program:

Lender:                  Bank lends Nationwide
Loan Type:            SBA
Situation:               Hazardous Waste, Gas Tank Leakage.  Spill cleaned up
                             with EPA continual screening in progress
AMNT:                    Up to $5M
LTV:                        75%
INT:                        Prime + 2.75 and Adjusts Quarterly
PTS:                        2
TRM:                       25 / 25
PPP:                        5 - 3 - 1  (3 years)