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Business Loans and Lines of Credit




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greenstreet business term loan
greenstreet commercial real estate improvement loan
What it is:
Loan from $5,000 to $200,000.
Loan from $5,000 up to $200,000
Best use:
Energy efficient upgrades to business.
Energy efficient upgrades to commercial real estate properties.
Term:
Up to 84 months
Up to 180 months – re-amortized every 5 years
Collateral:
First lien position with a blanket UCC filing.
First or second lien on commercial real estate
Amount you can borrow:
$5,000 up to $200,000
$5,000 up to $200,000
Extras:
0.50% reduction for auto payment from Umpqua checking account
0.50% reduction for auto payment from Umpqua checking account
Minimum monthly payment:
Loan fully amortized over loan term.
Fully amortized based on loan term.
One-time origination fee:
Waived
Waived
Fixed interest rate:
6.50%
N/A
Floor / ceiling:
N/A
Floor 6.0%. Ceiling 18%.
Balloon payment:
N/A
N/A
Late payment fee:
Greater of $10 or 5% of any minimum payment not paid within 10 days after due date.
Greater of $10 or 5% of any minimum payment not paid within 10 days after due date.
Annual fee:
N/A
N/A
Deposit account relationship:
Umpqua Bank account suggested
Umpqua Bank account suggested
Interest payment frequency:
Monthly
Monthly
Loan rate adjuster
N/A
2.50%
Loan rate index
N/A
Federal Home Loan Bank Rate
The fine print:
GreenStreet lending products are available to qualified customers on approved credit who are customers of Portland General Electric, Pacific Power, NW Natural or Cascade Natural Gas. All loans subject to credit approval. Rates shown are effective as of 10/31/2009 and are subject to change without notice.
GreenStreet lending products are available to qualified customers on approved credit who are customers of Portland General Electric, Pacific Power, NW Natural or Cascade Natural Gas. All loans subject to credit approval. Rates shown are effective as of 10/31/2009 and are subject to change without notice. The Interest Rate is based on the Federal Home Loan Bank Rate plus a rate adjuster. The Interest Rate and loan payment is subject to adjustment every five (5) years. Property insurance required; flood insurance is also required if property is located in a special flood hazard area.
Rate details:
details
details