Safety Bank & Trust Co. happens to be a strong proponent of regional area companies since its founding in 1935. Our company is introducing this program that is new help help those organizations inside our communities which have supported us. It really is our solution to continue steadily to hand back to our area. Most likely, Growing, together is not only a motto, it is an action.
What’s the Two Percentage Loan Program?
Two-Percent Loans offer funding to McLeod & Carver County organizations to get gear and/or to help make building improvements. Safety Bank & Trust Co. will request that the company’s main depository reports either carry on being held at or relocated to its bank being a component of this funding procedure. Safety Bank & Trust Co. will provide as much as $75,000 at 2 % interest for qualified purposes defined below. The amortization routine will likely be determined during the period of application and can perhaps not surpass a decade. The charges when it comes to loan will be described as a 1 % origination charge, $150 paperwork cost, ar,d any away from pocket expenses (title work & appraisals where relevant) due at closing.
- Applicant must repay the mortgage and start to become an appropriate credit danger
- Usage contractors certified in Minnesota
- Fulfill all populous city codes for many rehab work or gear installments
- Conform to zoning ordinances
- Protection Bank & Trust Co. (more…)