Text Size

Email Print

How is a CDC loan different from a bank loan?

Date added:
Tuesday, 11 May 2010
Hits:
1132

Answer

Our lending policies differ from traditional lending institutions in the following ways:
  • We take second, third or fourth positions;
  • We assign higher values to security items;
  • We accept seasonal and interest payments.
  • We take chattel mortgages on automobiles, boats, RVs, ATVs, etc.
  • We do entertain unsecured loans generally up to $10,000.00 total exposure.

We visit clients onsite at their businesses to identify problems before or as they arise.

Category

Tags for this item

FAQ Tag Cloud