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Everett, MA
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Business Purpose Equipment purchase; capital improvements; refinance existing debt
Loan Amounts $10,000 to $150,000
Terms/Maturity Up to seven (7) years
Interest Rate Variable, based on the Prime Rate as published in the Wall Street Journal plus a margin; Fixed rate available as determined at time of approval
Access to Funding Funds available at closing
Monthly Payment Principal and interest payments to amortize entire balance over the term of the loan
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; Fixed rate available
CREM | Residential Land Dev Revolving LOC | LOC 
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