Where do you go? What do you do?. Equity Injection Collateral. How it works Most of what you borrow is used for: Land Building Furniture Fixtures and Equipment Inventory Working Capital. ► Bank will lend up to 45%. ► Three Rivers may participate up to 45%.
What do you do?
Most of what you borrow is used for:
Fixtures and Equipment
► Three Rivers may participate
up to 45%.
► You have Equity Injection
of up to 10%.
► Have acceptable collateral
► Create one or more jobs in most cases
Interest rate is fixed for life of the loan
(A bank’s rate may change over the life of the loan)
Our terms are typically longer
Commitment letter from your loan officer.
Three Rivers takes it from there.
We take most of the hands-on burden off you and the bank.
Applicants for most loans must be a resident of Mississippi.
Some closing costs involved, but most are $2,500 or less.
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