Why Apply With The Northwest Loan Fund?
The Fund offers a longer term than traditional lenders – average term is 60 months. The longer term allows the borrower to make smaller payments, yielding greater cash flow for other business needs. The Fund offers variable and fixed rate financing at lower than commercial market rates – generally at Prime to Prime plus 2 – Rates which allow the borrower to more easily forecast cash flow needs. The Fund tailors repayment schedules to the needs of the borrower to maximize cash flow during expansion and/or seasonal business cycles. The Fund has flexible collateral requirements which may allow a borrower to secure a larger loan to enhance opportunities for success.
