Project Scenarios
Business Needs
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Higher level of accounts receivable
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Inventory financing to support sales increase
Lending Institution $75,000 (47%) Line of Credit, Annual Renewal
NETEDC $75,000 (47%) 2-5 Year term
Company (cash) $10,000 (6%) New money in business in last year
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TOTAL $160,000
Business Purchasing Equipment
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Lender requires 20% down
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Business is only 3 years old & has cash tied up in company
Lending Institution $100,000 (50%) Lenders sets rates, term & fees
NETEDC $85,000 (43%) Up to 7 Year term
Company (cash) $15,000 (7%)
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TOTAL $200,000
Business Constructing Building
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Business moving into a new and larger facility. Already own land.
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NETEDC provides a take-out commitment and lender does construction financing
Lending Institution $570,000 (71%)
NETEDC $150,000 (19%) Up to 20 Year term
Company (cash) $80,000 (10%)
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TOTAL $800,000
New Building Purchase-Medical Practice
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The significant debt of medical doctor & appraisal below cost make loan difficult to secure
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NETEDC can lend up to 100% of appraised amount.
Lending Institution $225,000 (56%)
NETEDC $150,000 (38%) Up to 20 Year term
Company (cash) $80,000 (6%)
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TOTAL $400,000