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SBA provides subordinate, second mortgage financing to be combined with bank financing of fixed assets.
Term | Fees | Interest |
---|---|---|
10 and 20 year terms | Approximately 3% of debenture. | Pegged to an increment above 5 and 10 year US Treasury Issues. |
Interest Type | Amount | Eligibility/Requirements |
---|---|---|
Fixed | Up to $5,500,000 | 10% equity. For profit business. |
Sherburne County Economic Development
Attn: Jessica Barthel
13880 Business Center Drive NW
Elk River, MN 55330-4668
Phone: 763-765-3014
800-433-5228
Fax: 763-765-3002
Email