Areas Served: Brunswick, Carteret, Craven, Currituck, Duplin, Franklin, Granville, Johnston, Jones, Lenoir, New Hanover, Onslow, Vance, and Warren counties.
Loan amounts up to $250,000. Loans are available for businesses in the eastern North Carolina counties of Brunswick, Carteret, Craven, Currituck, Duplin, Franklin, Granville, Johnston, Jones, Lenoir, New Hanover, Onslow, Vance, and Warren.
ECCDI bases its rates on prevailing market rates at the time of the loan and the degree of risk.
Generally, loans are fixed at prime or less than prime.
Currently loans from $175,000 to $250,000 are underwritten based on a 15-year amortization with a possibility of an adjustment after five years.
The larger B&I guaranteed loans are assessed on a case by case basis, but generally have more standard relending rates on a par with conventional lenders.
Contact Information
East Carolina Community Development
Address: 108 Professional Park Drive
City: Beaufort
State: North Carolina
Website:
https://www.eccdi.com
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