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Loan Information
First American Capital Corp. (FACC) – operates to enhance the capacity of American Indian entrepreneurs residing in the State of Wisconsin for access, control, creation, leverage, utilization, retention of financial assets, and to provide financial capital for Native development efforts. FACC is a certified Community Development Financial Institution and Small Business Administration Micro-Lender.
Our FACC products include flexible term commercial/business loans, with interests and terms/conditions based on risk with other available offerings including deferred interest payments.
FACC Loan Information
Interest Rates
- Contract financing is 10-12%
- FACC loans 8% fixed
- SBE Microloans interest rate 9.5-12%
Terms
- Terms are from 6 months to 84 months (7 years)
Program costs include:
- Non-refundable application fee. The fee is based on a loan size as follows:
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Loan Size |
Fee |
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|
|
| SBA Microloan |
$5,000 - $35,000 |
$100 |
| Standard Loan |
$5,000 - $150,000 |
$350 |
- Loan Closing fee: A maximum of $250 to cover the costs of providing services to the borrower.
Below you will find links and supporting documents to begin the FACC loan process. Please submit 3 copies of each form and send in for review and approval to:
First American Capital Corporation
10809 W Lincoln Avenue, Suite 201
West Allis, WI 53227
It is highly recommended that all loan information be shipped via UPS or FedEx with a tracking number. FACC is not responsible for loan applications that are not shipped with a tracking number.
If you need assistance with the loan application paperwork, assistance in writing your business plan, or to receive a copy of the loan application, please contact Craig Anderson at 414-604-2044 during normal business hours or via email at craiga@aiccw.org.
FACC Loan Application
SBA Personal Financial Statement
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