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Low Interest Financing for Capital Purchases CMTA Offers Low Interest Financing for Capital Purchases Information & online application: www.cacommunities.org California Communities contact: James Hamill (800) 635-3993 ext. 216 CMTA contact: Martha Pearson (916) 498-3333 In coordination with the California Statewide Communities Development Authority ("California Communities"), CMTA offers its member manufacturers below market rate financing through industrial development bonds. Industrial development bonds are available to finance the acquisition , construction and rehabilitation of manufacturing facilities as well as to purchase new equipment. California Communities offers the following features: Minimum size Land/Building Equipment Interest rate 4.50 variable - 6.00 fixed 5.00 - 5.75 fixed Term 15 - 25 years 5 - 7 years Down payment 20 - 25 percent 0 - 10 percent Security Land/Building Equipment $1 million $500,000 Refinancing Not permitted Not permitted Time to fund 90 - 120 days 90 - 120 days

 

 

 

 

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