Sentences with phrase «guaranteed debenture»
A Typical 504 project includes: 1) a loan extended by a commercial bank with a first lien on the asset financed; 2) a second lien loan secured from a CDC with a 100 percent SBA - guaranteed debenture for up to 40 percent of the total cost; and 3) an equity investment of at least 10 percent from the borrower.
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The SBA describes the program thusly: «Typically, a 504 project includes a loan secured with a senior lien from a private - sector lender covering up to 50 percent of the project cost, a loan secured with a junior lien from the CDC (a 100 percent SBA - guaranteed debenture) covering up to 40 percent of the cost, and a contribution of at least 10 percent equity from the small business being helped.
Not exact matches
He designed the debentures to pay investors a quarterly guaranteed interest rate: five percentage points above prime, capped at 15 %.
We take debentures or bond and floating charges over the company, or third - party guarantees where appropriate.
The remainder of loans are secured by other assets such as debentures, floating charges and personal guarantees.
Unsecured bonds are called debentures; their interest payments and return of principal are guaranteed only by the credit of the issuing company.
The company owns, manages and finances a portfolio of real estate related investments, including mortgage pass - through certificates, collateralized mortgage obligations, Agency callable debentures and other securities representing interests in or obligations backed by pools of mortgage loans issued or guaranteed by Freddie Mac, Fannie Mae and Ginnie Mae.
Although a debenture issuer may seem like a bank, they are not a bank, so the government guarantee on deposits does not apply.
Most issuers of debentures and unsecured notes are not subject to prudential regulation and do not have a government guarantee.
Debentures are debt instruments that are not guaranteed by tangible assets, but rather by the credit rating of the issuing company.
This could be a personal guarantee, a debenture or other security that you may be requested to provide, in exchange for the monetary investment.