Total Pool - $168,487.00
The Business Development Centre, Inc, loan fund was established in 2007 from the revenues of two (2) Small Business Administration (SBA) master notes that have been re-paid. The maximum loan amount for this fund is $35,000.00. The interest rate on the funds referenced above is prime plus three percent (3.00%) with a floor of eight percent (8.00%). There is a nonrefundable application fee of $100.00. There is a one percent (1.00%) origination fee if the request is approved.