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What is the interest rate for loans from MCNW?

April 26, 2017Interest rate Loans mcnw

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What is the interest rate for loans from MCNW?

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MCNW charges a fixed interest rate of 12% for all loans. This rate acknowledges the risk associated inherent to working with the types of businesses that our organization finances, as well as our cost of funds (between 0% and 3%) as we don’t hold deposits like a bank. We have to borrow the money to be able to lend it. This interest rate also takes into account the additional technical assistance advisory that we offer our clients.