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What it is:
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Loan from $5,000 to $250,000.
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Loan from $5,000 up to $250,000
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Best use:
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Energy efficient upgrades to business.
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Energy efficient upgrades to commercial real estate properties.
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Term:
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Up to 84 months
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Up to 180 months – re-amortized every 5 years
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Collateral:
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First lien position with a blanket UCC filing.
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First or second lien on commercial real estate
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Amount you can borrow:
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$5,000 up to $250,000
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$5,000 up to $250,000
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Extras:
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0.50% reduction for auto payment from Umpqua checking account
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0.50% reduction for auto payment from Umpqua checking account
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Minimum monthly payment:
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Loan fully amortized over loan term.
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Fully amortized based on loan term.
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One-time origination fee:
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Waived
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Waived
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Fixed interest rate:
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5.25%
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N/A
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Floor / ceiling:
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N/A
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Floor 3.95%. Ceiling 18%.
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Balloon payment:
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N/A
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N/A
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Late payment fee:
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Greater of $10 or 5% of any minimum payment not paid within 10 days after due date.
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Greater of $10 or 5% of any minimum payment not paid within 10 days after due date.
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Annual fee:
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N/A
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N/A
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Deposit account relationship:
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Umpqua Bank account suggested
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Umpqua Bank account suggested
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Interest payment frequency:
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Monthly
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Monthly
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Loan rate adjuster
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N/A
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2.50%
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Loan rate index
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N/A
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Federal Home Loan Bank Rate
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The fine print:
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All loans subject to credit approval. Rates shown are effective as of 05/20/2013 and are subject to change without notice.
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All loans subject to credit approval. Rates shown are effective as of 05/20/2013 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.
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Rate details:
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