Economic Development Course December 8, 2015
|
|
- Noreen Davidson
- 5 years ago
- Views:
Transcription
1 Economic Development Course December 8, 2015 Financing Economic Development Federal Program Gary W. Smith President and CEO Chester County Economic Development Council 1
2 IDA Tax Exempt Program Private Activity Bonds Industrial Revenue Bonds Eligible Applicants Manufacturing Enterprises Defined as companies where tangible products are made as well as intangible property New Farmers (Next Generation Farmer Loan Program) Defined as farmers who do not own more than 30% median size farm in county Non-Profit 501(c)(3) Does not require volume cap Exempt facilities (sewer, water) 2
3 Eligible Uses Fixed Asset Expansion Acquisition of Land and Buildings Acquisition of New Equipment Leasehold Improvements Additional Requirements Project must create or retain jobs in Pennsylvania Job Creation of 1 New Job for Every $50,000 Borrowed Not applicable for New Farmer Loans 501(c)(3) projects (no job requirements) Exempt facilities (no job requirements) 3
4 Loan Amounts Up to $10,000,000 For New Farmers maximum of $517,000 Loan to Value Determined by lender; can legally finance up to 100% of eligible costs Amortization Loan Parameters Determined by lender; amortization set by the lender cannot exceed 110% of the useful life of the assets being financed Loan Parameters Rate and Term Negotiated between borrower and lender Usually 75-80% of Prime Often variable rate Fixed rates with balloons are the norm with banks and purchase money mortgages Proceeds must be spent over three years 4
5 Bank Structure Borrower Identifies financing needs Provides information to other parties for structuring Issuer (Local Industrial Development Authority) Provides access to tax-exempt markets Helps to identify the financing team Advises borrowers on structure, timing and marketing Lender Performs due diligence and negotiates the financing structure, security and financial covenants with the company Issues letter of credit which provides security for bondholders Issues commitment to finance Example of Manufacturer Using Tax Exempt Financing Acquisition of new equipment Construction of new addition and/or renovations Portion of costs of issuance of Authority Note Project Cost - $4,500,000 Amount of Tax Exempt Financing - $4,500,000 5
6 Example of 501(c)(3) Tax Exempt Financing Private School building a new Fine Arts Center with renovations to Health/Gym Project Cost - $10,000,000 Amount of Tax Exempt Financing - $7,500,000 PA Industrial Development Authority (PIDA) Success Story Son to build duck house on family farm in Berks County to raise Pekin Ducks for Berks County poultry farmer 156 acre family crop farm in Chester County $995,000 total project $200,000 SBFF loan $250,000 Next Generation loan $485,000 bank loan Borrower benefits from low interest rate 6
7 SBA Loan Program Basics For-profit businesses Personal guaranty Owner-occupied properties Purchase, construct, renovation or improve Existing structure - 51% or greater of under-roof usable square footage; 60 to 80% required for new construction Machinery and Equipment Useful life >= 10 years Other eligible uses of SBA financing include Working Capital, Inventory, refinance, change of ownership SBA 504 Highlights Up to 90% Financing of Fixed Asset Purchases 50%Bank 40% SBA 10% equity Up to $12.5 million total project with up to $5 million SBA 504 portion Real Estate purchase 20 year fixed rate Machinery an equipment 10 year fixed rate 7
8 PIDA/SBA 504 Success Story Manufacturing facility $2.7 MM building expansion 50/40/10 Financing Structure $1.350MM PIDA $1.092MM SBA $270M equity Benefits to borrower: Long term low interest rates Low equity contribution SBA 7a Loan Specifics Loan Specifics Deficiency guaranty program (75 to 85%) Collateral requirements (business/personal) Project Maximum loan size of $5 million Up to 90% financing Longer term financing o 7-10 years: working capital o years (useful life): machinery & equipment o years: real estate\ Bank Requirements Lend in accordance with conventional/ small business policies Interest in projects varies bank by bank 8
9 SBA 7a Use of Proceeds Purchase, construct, renovate or improve owneroccupied building(s) Leasehold improvements Machinery and equipment Business acquisition or expansion, including franchises Working capital Inventory and supplies Energy Conservation loans Debt refinance/restructure SBA 7a Project Examples Challenging industry request Leasehold improvements with working capital Change of ownership fixed and intangible asset purchase Business expansion (projection based) Refinance/restructure with extended terms 9
10 SBA 7a Success Story Veterinary Radiation Treatment Center $1.5 million request to fund leasehold improvements, equipment and working capital 80% financing/20% borrower equity Start-up business with multiple established business and referral relationships PSBCI Program Highlights Federally sourced mezzanine loan program Managed by Independent Pennsylvania area loan organizations through PAEDC Can be used for any eligible business expense except passive real estate investment Requires matching private funds Rate and term set by lender and Seedcopa Risk-based pricing 10
11 SBA 504/PSBCI Success Story Manufacturing facility located in Coatesville $1.6MM building purchase using the SBA /40/10 financing structure Complimentary financing of $600,000 in Improvements and Machinery & Equipment $300,000 direct bank loan $300,000 subordinate PSBCI loan USDA Business and Industry Loan (USDA B&I) Deficiency guaranty program similar to the SBA 7a Must be located in a designated rural development area Balance Sheet tangible equity position 10% or 20% Purchase property, M&E, supplies, inventory, leaseholds; conversion/modernization; business acquisition (economic benefit) Up to 30 years on commercial RE Can finance non-owner occupied property, however the project is reviewed competitively with other projects and must display significant economic benefit 11
12 Questions? Thank you for your time and attention! Gary W. Smith President and CEO Chester County Economic Development Council 737 Constitution Drive Exton, PA
PA Ag Lending Programs
Growing Business, Growing Smart Its People PA Ag Lending Programs Gary Smith President and CEO Chester County Economic Development Council Places Investing in the Economic Health of Chester County & Prosperity
More information10/15/2012. Banking 101. Current Banking Landscape. The New Banking World
The New Banking World Banking 101 Current Banking Landscape 1 Survival of the Fittest Economic Developments Role Investors Community Bank 860 North Rapids Rd. Manitowoc, WI 54220 920-686-5604 Tim Schneider,
More informationFINANCING ECONOMIC DEVELOPMENT PROJECTS. Economic Development Programs. What Is Economic Development Financing? Presented by Pat Thomson
1 FINANCING ECONOMIC DEVELOPMENT PROJECTS Presented by Pat Thomson pthomson@ndconline.org 2 Economic Development Programs To attract private investment into communities: create jobs increase tax base change
More informationEnter Check In Code by 1:25 p.m.
Check In Code: FFFD Name Flavors of of Session Owner/User Financing Speakers Enter Check In Code by 1:25 p.m. John Randall The SBA Guy Live Oak Bank (317) 775-0344 John.Randall@liveoak.bank Who is the
More informationCommercial Real Estate Comparison Pricing Summary
Wells Fargo Bank, N.A. Small Business Administration Lending Commercial Real Estate Comparison Pricing Summary Prepared For: Darrin Boyd - David Moore Property Address: 9755 Westoint Drive Indianapolis,
More informationBusiness Networking Breakfast featuring Financing Your Business Growth
Business Networking Breakfast featuring Financing Your Business Growth Financing Business Growth 1 Overview of Discussion Topics Comerica s Focus Our Objective Benefits of an SBA Loan Top Ten Identifiers
More informationDISCLOSURE STATEMENT U.S. SMALL BUSINESS ADMINISTRATION 504 LOAN PROGRAM
DISCLOSURE STATEMENT U.S. SMALL BUSINESS ADMINISTRATION 504 LOAN PROGRAM The SBA 504 Loan Program offers eligible Small Business Concerns (SBC s) the means to finance expansion projects through a long-term,
More informationFinancial Resources Available to Beginning Farmers. Peyton Fair Farm Credit Mid-America Les Humpal UT Extension Danny Morris UT Extension
Financial Resources Available to Beginning Farmers Peyton Fair Farm Credit Mid-America Les Humpal UT Extension Danny Morris UT Extension Financial Resources There are several sources of financial resources
More informationMassachusetts District Office April 5, 2018 SEED ANNUAL TRAINING
Massachusetts District Office April 5, 2018 SEED ANNUAL TRAINING 1 See SBA Information Notice 5000-1708, Issuance of SOP 50 10 5 (J), for more detailed information of major changes to SOP, and SBA Information
More informationGuide to SBA Lending and the SBA Advantages for Veterans
Guide to SBA Lending and the SBA Advantages for Veterans BUSINE S S BA NK ING W HITE PA PER The U.S. Small Business Administration (SBA) recognizes the importance of our veterans and offers them special
More informationLincoln Opportunity Fund
Lincoln Opportunity Fund 1 Lincoln Opportunity Fund (LOF) LOF is a not-for-profit Certified Community Development Financial Institution (CDFI), wholly owned by WBDFC. LOF provides direct loans to small
More informationConterra Ag Capital. Providing industry leading agricultural loan servicing and wholesale lending to lending partners nationwide
Conterra Ag Capital Conterra supports American Agriculture through creative financial solutions. Providing industry leading agricultural loan servicing and wholesale lending to lending partners nationwide
More informationCDFA Financing Roundtable Webcast: Accessing Capital Through Pennsylvania s SSBCI Programs The Broadcast will begin at 1:00pm (EST).
CDFA Financing Roundtable Webcast: Accessing Capital Through Pennsylvania s SSBCI Programs The Broadcast will begin at 1:00pm (EST). While you re waiting, check out some upcoming CDFA events Pennsylvania
More informationNegotiating Commitment Letters For Traditional Bank Financing. An Article by Michael L. Messer and Jeremy M. Garlock SCHENCK, PRICE, SMITH & KING, LLP
Negotiating Commitment Letters For Traditional Bank Financing An Article by Michael L. Messer and Jeremy M. Garlock SCHENCK, PRICE, SMITH & KING, LLP Most businesses cannot finance their fixed asset needs
More informationAgribusiness Lending Internal Control Questionnaire
Agribusiness Lending Internal Control Questionnaire Completed by: Date Completed: 1. Has the institution established policies that are appropriate for the complexity and scope of the agricultural lending
More informationLoan Policy. Including Loan Program Parameters & Underwriting Guidelines. Last Updated 11/30/18
Loan Policy Including Loan Program Parameters & Underwriting Guidelines Last Updated 11/30/18 Commercial Lending X ( CLX ) is a national commercial financing consulting firm. CLX specializes in helping
More informationSynovus Bank Export Financing Solutions Through SBA INTERNAL USE ONLY
Synovus Bank Export Financing Solutions Through SBA South Carolina Export Activity For four consecutive years, South Carolina exports have increased. According to the U.S. Census Bureau, South Carolina
More informationFinancing for the Car Wash Industry. WHITE PAPER: An Overview of SBA 7(a) Financing
Financing for the Car Wash Industry WHITE PAPER: An Overview of SBA 7(a) Financing INTRODUCTION If you are looking to purchase, build, upgrade, or refinance a car wash you already own, you may be surprised
More informationIllinois State Treasurer s Office HELPING PEOPLE INVEST IN THEMSELVES
Illinois State Treasurer s Office HELPING PEOPLE INVEST IN THEMSELVES Who is the Illinois State Treasurer? Michael Frerichs was elected Illinois State Treasurer in November 2014. Treasurer Frerichs is
More informationELIGIBILITY INFORMATION REQUIRED FOR PLP SUBMISSION Rev. 11/25/08
ELIGIBILITY INFORMATION REQUIRED FOR PLP SUBMISSION Rev. 11/25/08 1. Fill out all of this section. If a question in this section is answered No, the loan is not eligible. Applicant Name Lender Name Purpose
More informationCOMMERCIAL BANKING SERVICES
Community Focused. Client Driven. BUSINESS COMMERCIAL BANKING SERVICES BUSINESS CHECKING & SAVINGS Set your business up for success with the right checking and savings accounts for your size and account
More informationSmall Business Loan Guaranty Program
Revised April 2013 Small Business Loan Guaranty Program Overview Created as part of the Small Business Jobs Act of 2010, the State Small Business Credit Initiative (SSBCI) was designed to help increase
More informationDirect Purchase Private Placement Bonds
Direct Purchase Private Placement Bonds (Manufacturing, n-profit (501c3) and Municipal) Texas Economic Development Council Council of Development Finance Agencies Introduction to Bond Financing Dallas,
More informationSBA 7(a) Loan Guaranty Program Flexible financing for small businesses
Creature Comforts Inman, SC Carolina Kids Anderson, SC May River Dermatology Bluffton, SC BUSINESS DEVELOPMENT CORPORATION A Leader in Small Business Lending SBA 7(a) Loan Guaranty Program Flexible financing
More informationBusiness and Industry Guaranteed Loan Program
Business and Industry Guaranteed Loan Program RD Instructions 4279-A and B Fred Kieferle Business and Industry Guaranteed Loan Program Purpose is to improve, develop, or finance business, industry, and
More informationFinding the Money You Need
Finding the Money You Need O ne key to a successful business start-up and expansion is your ability to obtain and secure appropriate financing. Raising capital is the most basic of all business activities.
More informationBusiness Finance Center Loan Programs
N o r t h e a s t e r n P e n n s y l v a n i a A l l i a n c e Business Finance Center Loan Programs Providing low-cost financing to help businesses fund their land/building, machinery/equipment and working
More informationCHAPTER V SPECIAL CREDIT ENHANCEMENT/FINANCING PROGRAMS. This section of the report contains a grid describing the many credit enhancement/financing
CHAPTER V SPECIAL CREDIT ENHANCEMENT/FINANCING S This section of the report contains a grid describing the many credit enhancement/financing programs available to area banks to provide financing for housing,
More informationLesson 9 Debt and Equity Financing
Lesson 9 Balance Sheet Lesson 9 Debt and Equity Financing Assets: Current Assets: Accounts receivable Less: Allowance for Uncollectible A/R Inventories Prepaid Expenses Long-Term Assets: Property and Equipment
More information504 Lending Made Easy
504 Lending Made Easy QUALITY CIRCLE April 11, 2013 Presented By: Barry Surma V.P. of Finance and CFO Altoona-Blair County Development Corporation Rebecca MacBlane Executive Director Regional Development
More information5715 W. Alexander #150, Las Vegas, NV 89130
10% Down Office Condo 49c PSF Payments 5715 W. Alexander #150, Las Vegas, NV 89130 Listing ID: 30279469 Status: Active Property Type: Office For Sale Office Type: Business Park, Executive Suites Size:
More informationMONTGOMERY DEVELOPMENT FUND LOW INTEREST LOAN PROGRAM GUIDELINES AND APPLICATION FORMS
LOW INTEREST LOAN PROGRAM GUIDELINES AND APPLICATION FORMS Program Description: The Village of Montgomery is introducing two new programs to further economic development in the Village. The purpose of
More informationGMHF Affordable Housing Loan Products
GMHF Affordable Housing Loan Products FOR RENTAL & SINGLE FAMILY AFFORDABLE HOUSING Predevelopment Loans Acquisition Loans Construction /Rehab Loans Tax Credit Bridge Loans Mini Perm & Permanent Loans
More informationGlossary BankNewport All rights reserved.
Glossary 2015 BankNewport All rights reserved. Glossary 2 504 Loan Program Includes a loan secured with a senior lien from a private-sector lender covering up to 50% of the project cost, a loan secured
More informationThe Small Business Banker s Guide to Alternative Financing
The Small Business Banker s Guide to Alternative Financing The Need for Alternative Capital Historically, traditional banks have been considered the primary lenders for small businesses. However, there
More informationFAIRM. Economic Development Authority. Revolving Loan Fund Guidelines
Revolving Loan Fund Guidelines The Fairmont 's Revolving Loan Fund is available within the City Limits of Fairmont, Minnesota. The program works in partnership with local lending institutions to help 'fill
More informationYORK HOMEBUYER ASSISTANCE PROGRAM
Revised 12/16/2010 YORK HOMEBUYER ASSISTANCE PROGRAM Funding Source Program Description - This program is designed to provide down payment & closing cost assistance to low/moderate income households in
More informationCUSTOMERS BANCORP REPORTS FOURTH QUARTER 2017 NET INCOME OF $18.0 MILLION; DILUTED EPS OF $0.55
Customers Bancorp 1015 Penn Avenue Wyomissing, PA 19610 Contacts: Jay Sidhu, Chairman & CEO 610-935-8693 Robert Wahlman, CFO 610-743-8074 Bob Ramsey, Director of Investor Relations and Strategic Planning
More informationThe USDA and NMTCs. Matt Meeker. Jim Howard. John Broussard. Robert Labes. Novogradac & Company LLP. U.S. Department of Agriculture.
The USDA and NMTCs MODERATOR Matt Meeker Novogradac & Company LLP PANELISTS John Broussard U.S. Department of Agriculture Robert Labes Squire Patton Boggs Jim Howard Dudley Ventures The Business and Industry
More informationGuide to Home Loans: Finding the Right One 7 DIFFERENT LOAN TYPES
Guide to Home Loans: Finding the Right One 7 DIFFERENT LOAN TYPES ?? There are a lot of loan choices so how do you figure out which is best? If you re looking to buy your first home, refinance or cash
More informationProgressive Farm Credit Services, ACA
Quarterly Report June 30, 2017 MANAGEMENT'S DISCUSSION AND ANALYSIS The following commentary reviews the consolidated financial condition and consolidated results of operations of and its subsidiaries
More informationCALIFORNIA COASTAL RURAL DEVELOPMENT CORPORATION
CALIFORNIA COASTAL RURAL DEVELOPMENT CORPORATION (A CALIFORNIA NON-PROFIT PUBLIC BENEFIT CORPORATION) ANNUAL FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION WITH INDEPENDENT AUDITOR'S REPORTS JUNE 30,
More informationFINANCING SMALL BUSINESS WITH NMTCs
FINANCING SMALL BUSINESS WITH NMTCs Pat Thomson, NDC s Grow America Fund Angela Butler, Carver CDC (CCDC) Charlie Spies, CEI Capital Management Julia Nelmark, Midwest Minnesota CDC November 3, 2010 New
More informationPort Authority Development Financing for Economic Development
Port Authority Development Financing for Economic Development Why use a Port Authority in a development deal? Development and company expansion projects can benefit greatly when a Port Authority is involved
More information5715 W. Alexander #150, Las Vegas, NV 89130
Brand New Everything! NW Professional Office Condo 5715 W. Alexander #150, Las Vegas, NV 89130 Listing ID: 30279487 Status: Active Property Type: Office For Lease Office Type: Business Park, Executive
More informationNewtek Business Services Corp. NASDAQ: NEWT
Newtek Business Services Corp. NASDAQ: NEWT First Quarter 2018 Financial Results Conference Call May 3, 2018 8:30 am ET Hosted by: Barry Sloane, CEO & President Jennifer Eddelson, EVP & CAO Investor Relations
More informationSelling to the Federal Government. Federal Government Contracting and The Historically Underutilized Business Zone (HubZone) Program
Selling to the Federal Government Federal Government Contracting and The Historically Underutilized Business Zone (HubZone) Program Bryan, OH November 7, 2018 Federal Contracting Consider This! Huge Market
More informationPPDocs System Training CFPB changes effective January 2014
PPDocs System Training CFPB changes effective January 2014 Please direct all questions to: CFPB@ppdocs.com What you should be doing today: What type of QM are you going to be doing? *Are you going to be
More informationDear prospective and existing restaurateurs and proprietors of York City fresh food establishments:
July 2009 Dear prospective and existing restaurateurs and proprietors of York City fresh food establishments: Based on a grant from the United States Department of Agriculture and seed money provided by
More informationForward the original and two copies of the completed application to:
PROCEDURES Application Form A request for a loan will not be considered until the attached application form is completed and all required exhibits are submitted. The application form should be completed
More informationNATIONAL CREDIT ENHANCEMENT/FINANCING PROGRAMS AFFORDABLE HOUSING
NATIONAL CREDIT ENHANCEMENT/FINANCING S AFFORDABLE HOUSING ORGANIZATION AND FANNIE MAE Community 100 Purchase money transactions or nocash-out refinances on one-unit properties, including approved condominiums,
More informationRural Development Plan
Overview Polar Communications Polar Telcom Polar Cablevision Wolverton Telephone Co. PO Box 270 Park River, ND 58270 Rural Development Plan Polar Communications Mutual Aid Corporation s plan for the future
More informationUsda loan credit score requirements texas
Usda loan credit score requirements texas Learn about the USDA Mortgage program and prequalify for a $0 down USDA Loan with the specialists at USDALoans.com Program Status: Open Program Factsheet: PDF.
More informationPortfolio Product Review
Farmer Mac Refresh Portfolio Product Review May 19, 2016 Solutions Ag Bankers Trust Transactions types available to Farmer Mac approved Sellers: Loan purchases Transfer of credit and ALM risk from lender
More informationIntro to 7(a) Lending
Intro to 7(a) Lending Presented by Dianna Seaborn Acting Director, Office of Financial Assistance US Small Business Administration 1 Becoming an SBA Lender Credit Unions with share insurance must send
More informationINSIGHTS FROM AGRICULTURAL LENDERS. January 11 th, 2019 Top Farmer Conference Beck Agricultural Center Dr. Brady Brewer
INSIGHTS FROM AGRICULTURAL LENDERS January 11 th, 2019 Top Farmer Conference Beck Agricultural Center Dr. Brady Brewer bebrewer@purdue.edu AGRICULTURAL LENDER SURVEY Survey expectations and past results
More informationToday s Presenter. The SBA Authorization Wisconsin SBA Lenders Conference May 19, SBA Loan Closing: Proper Documentation & Pitfalls
2016 Wisconsin SBA Lenders Conference May 19, 2016 SBA Loan Closing: Proper Documentation & Pitfalls Today s Presenter Nick Jellum, Anastasi Jellum P.A. 14985 60 th Street North, Stillwater, MN 55082 Phone:
More informationTHE RICHLAND ELECTRIC COOPERATIVE REVOLVING LOAN FUND MANUAL
THE RICHLAND ELECTRIC COOPERATIVE REVOLVING LOAN FUND MANUAL The Rural Business Enterprise Grant (RBEG) Program, administered by the Wisconsin USDA Rural Development, provided the Richland Electric Cooperative
More informationChesapeake Business Finance Corp.
Chesapeake Business Finance Corp. John Sower, President 1101 30 th St NW #500 Sower1@erols.com Washington, DC 20007 www.chesapeake504.com Tel: 202-625-4373 Cell: 202-257-5871 Fax: 202-342-0389 John Sower
More informationReal Estate Report. Union County. Prepared by UCEDC For Union County Board of Chosen Freeholders, Bruce H. Bergen, Chairman
Union County Business Reports Union County Real Estate Report Prepared by UCEDC For Union County Board of Chosen Freeholders, Bruce H. Bergen, Chairman 75 Chestnut Street Street, Cranford, NJ 07016 908-527-1166
More informationBUSINESS LOAN APPLICATION
BUSINESS LOAN APPLICATION Thank you for your decision in obtaining a commercial loan from our credit union. Please complete the following information as accurately as possible so we may better understand
More informationCounty of Lackawanna, Pennsylvania
Financial Statements and Supplementary Information Table of Contents Independent Auditors Report 1 Management s Discussion and Analysis (Unaudited) 4 Financial Statements Statement of Net Position 14 Statement
More informationMortgage Market Statistical Annual 2017 Yearbook. Table of Contents
Mortgage Originations Mortgage Origination Activity Mortgage Market Statistical Annual 2017 Yearbook Table of Contents Mortgage Origination Indicators: 1995-2016... 3 Mortgage Originations by Product:
More informationMAMMOTH COMMUNITY WATER DISTRICT FINANCIAL STATEMENTS. Year Ended March 31, 2014
MAMMOTH COMMUNITY WATER DISTRICT FINANCIAL STATEMENTS Year Ended March 31, 2014 Financial Statements Year Ended March 31, 2014 TABLE OF CONTENTS I. INDEPENDENT AUDITORS REPORT i - ii PAGE II. MANAGEMENT
More informationUSDA Guaranteed Loan Secondary Market Update
USDA Guaranteed Loan Secondary Market Update Refresh Webinar May 2017 Today s Presenters Patrick Kerrigan VP - Business Development Washington, DC 800.879.3276 x5560 pkerrigan@farmermac.com Riley Croghan
More informationFood Processing Fund Operational Guidelines
Food Processing Fund 2014-15 Operational Guidelines Government of India (GoI) has accorded top priority for the development of the food processing industry in the country and accordingly in reply to the
More informationFINANCIAL INCENTIVES
FINANCIAL INCENTIVES I. Performance Based Cash Incentive II. III. IV. Montgomery County Tax Abatement/Reinvestment Zone City of Conroe Tax Abatement/Designated Reinvestment Zones Freeport Exemption V.
More informationThe ICBK Story Q Holding Company for:
The ICBK Story Q3 2017 Holding Company for: Q3 2017 Forward Looking Statements EXCEPT AS OTHERWISE INDICATED, THIS PRESENTATION SPEAKS AS OF THE DATE HEREOF.THE DELIVERY OF THIS PRESENTATION SHALL NOT,
More informationSBA Loan Guarantee Program
SBA Loan Guarantee Program Presented By: United States Small Business Administration Washington D.C. Metro Area District Office (WMADO) 409 3rd Street S.W. 2nd Floor Washington, D.C. 20416 (202)205-8800
More informationTopics for this Session
welcome Topics for this Session Quick discussion of SBA s debt refinancing requirements Walk through of some refinancing scenarios 2 Copyright 2017, NAGGL, Inc. - Do Not Copy/Distribute 1 Why is SBA So
More informationCALIFORNIA COASTAL RURAL DEVELOPMENT CORPORATION JUNE 30, 2014 AND 2013
CALIFORNIA COASTAL RURAL DEVELOPMENT CORPORATION (A CALIFORNIA NON-PROFIT PUBLIC BENEFIT CORPORATION) ANNUAL FINANCIAL STATEMENTS WITH INDEPENDENT AUDITOR'S REPORT JUNE 30, 2014 AND 2013 JUNE 30, 2014
More informationUSDA Rural Development. Business Programs
USDA Rural Development Business Programs Assistance for Businesses Business & Industry Guaranteed Loans (B&I) Rural Energy for America Program (REAP) Rural Economic Development Loan (RED-L) Value Added
More informationTRANSFER OF FARM ASSETS
TRANSFER OF FARM ASSETS Issue 1: Buying and Selling Farmland pp. 87-89 Cost Basis Purchase [IRC 1012] Paid in: cash, debt or other Gift [IRC 1015] Generally donor s basis Issue 1: Buying and Selling Farmland
More informationI. Fannie Mae Implements New LTV Ceiling for the Home Affordable Refinance Program. September 2009, Vol. 4, No.3
Updating the Investment Community on Fannie Mae Mortgage Products and Programs Updates Fannie Mae MBS backed by loans with LTV ratios greater than 105 Percent and up to 125 Percent Fannie Mae MBS backed
More informationIBS INSTITUTIONAL CORPORATE FINANCE
IBS INSTITUTIONAL CORPORATE FINANCE Entrepreneurs Investing in Entrepreneurs IBS Investment Bank a division of Institutional Banking Services N.A. CORP 101 Plaza Real S #222 Boca Raton, Florida 33432 Group
More informationSBA 504 Debenture Program Long-term financing for fixed asset acquisitions and expansions
Zaxby s Rock Hill, SC Buffalo Wild Wings Columbia, SC Mellow Mushroom Myrtle Beach & Florence, SC A Leader in Small Business Lending SBA 504 Debenture Program Long-term financing for fixed asset acquisitions
More informationCommunity Support Program and Targeted Community Lending Plan
Community Support Program and Targeted Community Lending Plan December 14, 2018 Effective January 1, 2019 Policy Information Document Title: Content Owner: Community Support Program and Targeted Community
More informationDebt & Equity-Financing The Deal: Considerations & Trends. National Business Institute Seminar May 11, 2015
Debt & Equity-Financing The Deal: Considerations & Trends National Business Institute Seminar May 11, 2015 IronHorse is a K.C. based special situation professional services firm with practice specialties
More informationA Guide To Industrial Development Revenue Bond Financing In. Miami-Dade County
A Guide To Industrial Development Revenue Bond Financing In Miami-Dade County Miami-Dade County Industrial Development Authority Brickell City Tower 80 SW 8 th Street, Suite 2801 Miami, Florida 33130 Tel.:
More informationFIRST RESOURCE BANK ANNOUNCES RECORD ANNUAL EARNINGS; NET INCOME GREW 28% OVER THE PRIOR YEAR
NEWS RELEASE For Immediate Release January 30, 2019 Media Contact: Glenn Marshall, President & CEO 610-561-6013 FIRST RESOURCE BANK ANNOUNCES RECORD ANNUAL EARNINGS; NET INCOME GREW 28% OVER THE PRIOR
More informationCommercial Real. Estate. CMBS Conduit. Loan. Program. Retail Medical Office Industrial Warehouse Hotel Apartment Mixed-Use Self-Storage
Commercial Real Estate CMBS Conduit Loan Program Retail Medical Office Industrial Warehouse Hotel Apartment Mixed-Use Self-Storage City Capital Realty Shawn Rabban 310-714-5616 shawnrabban@yahoo.com CAL
More informationINFORMATION REGARDING PRIVATE ACTIVITY BONDS (Tax-exempt and Taxable)
INFORMATION REGARDING PRIVATE ACTIVITY BONDS (Tax-exempt and Taxable) GENERAL INFORMATION PLACEMENT OF BONDS TERMS Conditions of the bond market and the particular needs of the borrower will determine
More informationIntro into SBA Lending. Randy Griffin, President CSRA Business Lending
Intro into SBA Lending Randy Griffin, President CSRA Business Lending Small Business Administration (SBA) CREATION By Congress on July 30, 1953 Independent US Federal Agency Previously no agency or department
More informationNurturing Agricultural Businesses ESLC Conference, November 2014 Stephen McHenry, Executive Director
Nurturing Agricultural Businesses ESLC Conference, November 2014 Stephen McHenry, Executive Director www.marbidco.org Is an Ag Development Financial Intermediary Organization Serving All of Maryland With
More informationMultifamily Securities Locator Service Glossary
Multifamily Securities Locator Service Glossary Term 30/360 Actual/360 Additional Disclosure Additional Liens Adjustable Rate Term Affordable Housing Type Method of computing interest on a mortgage loan
More informationImplementation of New Government Guarantee Parameters (1-4 Unit Properties)
For Distribution to Mortgage Professionals Implementation of New Government Guarantee Parameters (1-4 Unit Properties) Operational Questions and Answers November 30, 2016* General 1. What happens if an
More informationRevolving Loan Fund Policies and Procedures Revised November 2012
Economic Development Authority Revolving Loan Fund Policies and Procedures Revised November 2012 OVERVIEW/SUMMARY The funds, which comprise the Arlington Revolving Loan Fund, are the result of grants awarded
More informationRESIDENTIAL CONSTRUCTION LENDING POLICY
RESIDENTIAL CONSTRUCTION LENDING POLICY GENERAL INFORMATION The purpose of this policy is to state different types of construction loans offered by ASSURANCE FINANCIAL, and to set forth procedures and
More informationCOMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION
PUBLIC DISCLOSURE Date of Evaluation: MARCH 09, 2015 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION Name of Depository Institution: UNIVEST BANK AND TRUST Co. Institution s Identification Number: 354310
More informationNewtek Business Services Corp. NASDAQ: NEWT
Newtek Business Services Corp. NASDAQ: NEWT Third Quarter 2018 Financial Results Conference Call November 8, 2018 8:30 am ET Hosted by: Barry Sloane, CEO & President Jennifer Eddelson, EVP & CAO Investor
More informationEDLF Loan Program Policies and Guideline Handbook
EDLF Loan Program Policies and Guideline Handbook Salt Lake City Corporation Economic Development Division 451 South State Street, Room 425 PO Box 145484 Salt Lake City, Utah 84114-5484 801.535.7258 http://www.slcgov.com/edlf
More informationNew Tax and Financing Incentives for Small Businesses. Wednesday, March 2, Small Business Jobs Act of 2010 Tax Provisions
New Tax and Financing Incentives for Small Businesses Wednesday, March 2, 2011 Melvin H. Boser Lead Lender Relations Specialist/Brand Manager, U.S. Small Business Administration, Minnesota District Office
More informationBanner Guide General SBA Information Financial Assistance Federal Government Contracting Assistance Counseling & Technical Assistance
Banner Guide General SBA Information Financial Assistance Federal Government Contracting Assistance Counseling & Technical Assistance Loans Financial Assistance Primarily made by private lenders, with
More informationState of New Jersey Department of Banking & Insurance. Annual Report Worksheet for Residential Mortgage Lenders. Year Ending December 31, 2017
State of New Jersey Department of Banking & Insurance for Residential Mortgage Lenders New Jersey Department of Banking & Insurance Division of Banking Attn: Sharon Davis -- 5 th floor 20 West State Street
More informationYORK HOMEBUYER ASSISTANCE PROGRAM GUIDELINES AND RULES. Funding Source. Program Code. Eligible States Minimum Loan Amount.
Revised 6/8/2015 YORK HOMEBUYER ASSISTANCE PROGRAM GUIDELINES AND RULES Funding Source Program Description - This program is designed to provide down payment & closing cost assistance to low/moderate income
More informationTexas Cash-out Program Guide Fixed Rate
Texas Cash-out Program Guide Fixed Rate Wholesale Lending July 20, 2015 Program Overview... 2 Employee Loan Policy... 2 Credit Philosophy... 2 Ability to Repay and Qualified Mortgage... 2 Program Parameters...
More informationWhat CPAs Need to Know About Alternative Financing
What CPAs Need to Know About Alternative Financing The Need for Alternative Capital Historically, institutional banks have represented the bulk of small business lenders. However, even before the Great
More informationThe University of North Florida Financing Corporation, Inc.
The University of North Florida Financing Corporation, Inc. Financial Statements and Supplementary Information as of and for the Years Ended June 30, 2015 and 2014, and Independent Auditor s Report The
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM ABS-15G
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM ABS-15G ASSET-BACKED SECURITIZER REPORT PURSUANT TO SECTION 15G OF THE SECURITIES EXCHANGE ACT OF 1934 Check the appropriate
More informationCortland County BDC Revolving Loan Fund Program Criteria and Application
Approved December 2016 Cortland County BDC Revolving Loan Fund Program Criteria and Application It is the goal of the Cortland County Business Development Corporation (BDC) to retain and create quality
More information