Menifee Forward
Shop. Support. Sustain
Disaster Resource:
Main Street Lending Program Priority Loan Facility
| Why | What | Benefits | More Information | How to file |
|---|---|---|---|---|
If your small business is in need of a new loan | The maximum size of a loan made in the Eligible Borrower’s existing outstanding and undrawn available debt, exceed six times the Eligible Borrower’s adjusted 2019 EBITDA | This loan is for 4 years with the 1st year deferred. It has a 15% risk retention and a LIBOR rate of +3%. The loan is non-forgivable and must be repaid 15% in the 2nd year, 15% in the 3rd year, and 70% in the 4th year | Please visit icsc.com | To apply, please visit icsc.com |