Safety Bank & Trust Co. happens to be a proponent that is strong of area organizations since its founding in 1935. Our company is establishing this brand new system to help help those organizations inside our communities which have supported us. It really is our method to back continue to give to our area. Most likely, Growing, together is not just a motto, it really is an action.
What's the Two Percentage Loan Program?
Two-Percent Loans offer funding to McLeod & Carver County organizations to acquire gear and/or which will make building improvements. Protection Bank & Trust Co. will request that the business enterprise's main depository records either keep on being held at or relocated to its bank being a right component regarding the funding process. Protection Bank & Trust Co. will provide as much as $75,000 at 2 per cent interest for qualified purposes defined below. The amortization routine will soon be determined during the right time of application and won't go beyond a decade. The charges when it comes to loan shall be a 1 per cent origination charge, $150 paperwork charge, ar,d any away from pocket expenses (title work & appraisals where relevant) due at closing.
Conditions and terms
- Applicant must repay the mortgage and start to become an appropriate credit danger
- Usage contractors certified in Minnesota
- Satisfy all city codes for several rehab work or gear installments
- Adhere to zoning ordinances
- Safety Bank & Trust Co.