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.
Commercial construction, gap and bridge financing and term loans.
Purchase or rehabilitation of equipment.
Typically, $25,000 to $3,000,000, although we can do smaller or larger loans in certain situations by utilizing a USDA Loan Guarantee
Fixed rates starting at 6.00%
2 percent plus closing costs
1 percent plus closing costs for nonprofits
3 to 7 years - longer amortizations are possible
Case-by-case, though we’ve made loans with:
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
Craft3 is an equal opportunity lender and employer. NMLS ID 390159 NMLS Consumer Access.
The completion of an application does not guarantee loan approval or receipt of loan funds.
Craft3 is a 501(c)(3) and all donations are tax deductible. EIN 91-1662698.
Copyright © 2015-2021 Craft3 ALL RIGHTS RESERVED. Craft3 and the Craft3 logo are registered trademarks of Craft3.