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Everett, MA
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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 
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