Loan Inquiries
In order for us to discuss your project with you, we need some information about your business and what you have in mind. A worksheet for preparing a Summary of Project Costs is available GETCDC UofP.doc. If you want our comments regarding your proposed project's Sources and Uses of Funds, complete the form and fax it to us at (903) 535-9232 or email it to Contact@getcdc.com. We will get back to you quickly.
A 504 Loan Packet in PDF format is available for downloading here: getcdc.pdf
If you have any questions (and everyone does!), please call us at (903) 535-9229
|
Summary of Project Costs |
|
Business Name _________________________________________________________________ |
|
Phone ________________ Email: __________________________________________________ |
|
Contact Name __________________________________________________________________ |
|
Nature of Project ________________________________________________________________ |
|
|
|
Uses of Funds |
|
Acquisition Costs: |
|
Land & Improvement Purchase |
|
|
Building Construction/ Improvement |
|
|
Furniture, Fixtures & Equip. & Signage |
|
|
Contingency Funds-Construction/FF&E |
|
|
Total Acquisition Costs |
|
|
|
|
Soft Costs: |
|
|
Appraisal & Environmental |
|
|
Interim Financing & Points |
|
|
Title Policy |
|
|
Legal Fees |
|
|
Architect/Engineering Fees |
|
|
Other: ______________________________ |
|
|
Total Soft Costs |
|
|
Total Fund Uses |
|
|
Sources of Funds |
|
Private Lender (1st Lien Loan) |
50% |
|
|
SBA 504 Debentures (2nd Lien Loan) |
30-40% * |
|
|
Borrower Equity |
10-20% * |
|
|
Seller Subordinated Debt (If Any) |
|
|
|
Total Fund Sources |
|
|
|
|
* If this is a New Business project, Add 5% to Equity Requirement |
|
If Assets are of a Special Purpose Nature, Add another 5% to the |
|
Borrower's Equity Requirement |