Size:
$1,500 to $100,000
Business Location:
Business must be located in Bedford, Blair, Cambria, Fulton, Huntingdon, Indiana or Somerset County
Interest Rate:
5.0% – 7.75%
Term:
12 – 72 months
Use:
Initial start-up costs, inventory/equipment, building acquisition, renovation, lease space, working capital, etc
Age of Business:
All ages
Underwriting:
Will be evaluated based on risk rating which includes: personal net worth, global debt service coverage, collateral, credit score, liquidity, experience, equity, and profitability
Collateral:
Determined on a case by case basis
Guarantor(s):
Required owner personal guaranty if not a sole proprietor; additional outside guarantors may be required
Technical Assistance:
Customized and provided throughout the duration of the loan.
This institution, JARI Growth Fund, is an equal opportunity employer and lender.
This loan product is funded in-part through USDA, the Commonwealth of PA, Appalachian Regional Commission (ARC) POWER Initiative and the U.S. Treasury.