Relending Program

To make borrowing easier for growing businesses in Fresno, Madera and Kings Counties, Cen Cal Business Finance Group has started its own Relending Loan Program.

As the name implies, Cen Cal borrows money then relends it to businesses we feel can benefit from this type of financing.

Financing

We lend to established or fairly new businesses to provide working capital and the purchase of equipment.
To qualify, a business must have good credit, a history of management experience, sufficient cash flow for repayment of the proposed loan, or at a minimum, provide a basis from which cash flow projections were developed.

We consider loans to start up businesses on a case-by-case basis.
The limit on a loan to any one, or combination of, affiliate businesses will not exceed $50,000.

Loan Maturity, Interest and Fees

Working capital loans will not exceed 4 years maturity, and equipment loans have a limit of 7 years.
Interest rates are fixed for the life of the loan and are determined at the time of funding.
Cen Cal Business charges a loan fee of 1.5% plus a processing fee of $500.00 and these fees may be financed.

Collateral

To secure the loan, all business and personal assets, including the assets acquired with loan proceeds, will be taken as collateral if available.