Republic Guaranteed Loans

TOTAL FACILITIES	Up to $250,000
PURPOSE OF LOAN	Start Up, Working Capital & Expansion Machinery, Equipment & Other Fixed Assets
LOAN LIMITS	Maximum 75% of Fixed Assets Working Capital Overdraft or Term Loan: 5% - 8% of estimated annual sales Revolving Loan - up to 75% of working assets
TERM	Maximum 7 years for Fixed Assets. Overdraft - on demand with annual review. Revolving Loans - 3 to 6 months repayment. Term Loan - up to 5 years repayment.
INTEREST RATE	Base Customer Rate. Rates for Term Loans are fixed for 5 years with a review Rates for Overdrafts/Revolving Loans are reviewed annually
MORATORIA	On capital repayments of up to 1 year
REPAYMENT PROVISIONS	Depending on circumstances:- Fixed monthly instalments on either amortised or instalment basis Interest only with provisions for periodic lump sum payments
FEES/CHARGES	50% Discount on all fees in the first year of lending, a fixed monthly administration fee for the next 2 years, review at end of the 3rd year and annually thereafter.
INSURANCE PROTECTION	Insurance acceptable to the Bank
SECURITY	BDC Guarantee In accordance with the level of facilities requested
FINANCIAL DATA	Business Plan Cash Flow Forecast Periodic Management Accounts Annual Accounts

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