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The Eagle One Loan Advantage
- Streamlined application with no other documentation
- One day approval process
- One day access to funds upon approval
- Interest only payments (on lines of credit)
- A low origination fee of $250 (with a $150 annual fee on lines of credit)
| Line of Credit | Term Loan | |
|---|---|---|
| Use of Funds | Short-term working capital Seasonal purchases Inventory Accounts Receivable |
Long-term working capital Business expansion Refinance existing debt Equipment purchases |
| Loan Amount | From $60,000 to $150,000 | From $60,000 to $150,000 |
| Collateral | UCC-1 | UCC-1 |
| Interest Rate | Variable, based on Prime Rate plus a spread | Variable, based on Prime Rate plus a spread |
| Repayment Term | Revolving | 36 months |
| Repayment Method | Automatic debit from First Republic Bank business checking account | Automatic debit from First Republic Bank business checking account |
| Monthly Payment | Interest only required | Principal plus interest |
| Fees | $250 origination fee; $150 annual fee |
$250 origination fee |
Equal Housing Lender