Main Street Lending Program Expanded Loan Facility
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If your small business is in need of a new loan
The maximum size of a loan made in connection with the MSELF cannot exceed (i) 35% of the Eligible Borrower’s existing outstanding and undrawn available debt that is pari passu in priority with the Eligible Loan and equivalent in secured status
This loan is for 4 years with the 1st year deferred. It has a 5% risk retention and a LIBOR rate of +3%. The loan is nonforgivable and must be repaid 15% in the 2nd year, 15% in the 3rd year, and 70% in the 4th year.
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To apply, please visit iscs.com