Whether you’re an early learning center, food bank or cultural center, we know that traditional finance isn’t always the right fit for a community-driven facility.
That’s where we come in. When you work with Craft3, you benefit from the expertise of the largest regional loan fund that invests in community facilities like yours.
Commercial Real Estate
Purchase, retrofit or improve real estate.
Project Financing
Commercial construction, gap and bridge financing and term loans.
Equipment
Purchase or rehabilitation of equipment.
Loan Size
Typically, $25,000 to $3,000,000, although we can do smaller or larger loans in certain situations by utilizing a USDA Loan Guarantee
Rates
Fixed rates starting at 6.00%
Fees
2 percent plus closing costs 1 percent plus closing costs for nonprofits
Term
3 to 7 years - longer amortizations are possible
Repayment frequency
Case-by-case, though we’ve made loans with:
Interest Type
Security / Guarantees
We offer both secured and unsecured loans. In many cases, we will require a personal guarantee from you or a guarantor.
For some loans, Craft3 may opt to utilize the USDA Business & Industry and SBA Community Advantage loan guarantee programs.
Community Facilities Loan