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Synergy Loans are designed to help with everything from jump-starting a new business to expanding an existing one. These loans are made possible when you work with MMCDC to take advantage of the exciting opportunities offered by the federal government's New Markets Tax Credit (NMTC) program.

 

Synergy loan example

 

Synergy Loans are tailored to suit the needs of a business and may include a combination of the following benefits:

 

The Borrower Saves Money

  • Interest rates on Synergy Loans are Below Market Rates.
  • Synergy Loans often include Partial Debt Forgiveness.

 

Less Cash Needed At Closing

  • Synergy Loans have Reduced Origination Fees.
  • The Higher Loan-to-Value Ratio means you need a smaller down payment.

 

Better Cash Flow

  • Interest-Only Payments for seven years allow your business to grow faster.
  • An Extended Amortization Period lowers your monthly payments.
  • A Reduced Debt Service Requirement means you have more borrowing power.

 

To find out more about our Synergy Loans, contact the Business Loan Division at MMCDC today!