|Terms (effective January 26, 2009)|
|Effective Interest Rate||0.95%|
|Interest Repayments||Semiannually (beginning on 1st scheduled repayment date after first cash disbursement)|
|Principal Repayments||Annually (beginning on 1st scheduled principal repayment date after second anniversary of loan closing for 20 yrs. No principal repayments are due for first 2 yrs. or until construction is complete.)|
The CWSRF financial staff will review the last three audited financial statements and a 10-year forecast to determine the creditworthiness of potential borrowers. Should any problems be discovered, our staff will notify the borrower and attempt to resolve them so the project can proceed as planned. In some extraordinary cases, it may be necessary to modify the project if we are unable to lend the entire amount requested.
Projects may be segmented to fit the borrower's ability to repay and/or our availability of funds to lend.