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Express Term Loan | Traditional Term Loan |
---|---|---|
Rate | Rate will be quoted | WSJ Prime Minus 0.01% |
Term | 3 years | 5-10 years |
Minimum Loan Amount | $10,000 | $100,000 |
Maximum Loan Amount | No Maximum | No Maximum |
Potential Uses | Capital improvements, repairs or enhancements to common areas | Larger infrastructure needs or projects that require a longer amortization period |
Application, Origination, or Documentation Fee | None | None |