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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


 

March '08  504 Rate 6.61
 WSJ Prime Rate     
8.50
Updated: 03/2008