| |
| Business Purpose |
Short term working capital and purchase of inventory |
| Loan Amounts |
$10,000 to $150,000 |
| Terms/Maturity |
Demand - annual review |
| Interest Rate |
Variable, based on the Prime Rate as published in the Wall Street Journal plus a margin |
| Access to Funding |
Advances made directly to your Eagle Bank checking account |
| Monthly Payment |
Interest only monthly; Principal paid at borrower's discretion; Annual 30-day clean up required |
| Collateral |
First lien on all business assets and/or liquid collateral such as CD or securities |
| Guarantees |
Required from each borrower/owner |
| Costs |
Closing costs vary by complexity of transaction; Annual facility fee 1% |
| Features/Benefits |
Automatic payment feature |
| |
| |
| CREM | Residential Land Dev Revolving LOC | Term
Loan |
