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Information for lenders

N.C. Loan Participation Program

See a list of participating lenders.


The N.C. Loan Participation Program helps lenders make more business loans. Typical loans in the program range from $150,000 to $1.5 million.

By purchasing up to 15 percent of an eligible loan (to a maximum of $200,000) the program allows you to reduce your risk while extending credit to eligible businesses.

Lenders that work with the Loan Participation Program appreciate our dedication to fast decisions and procedural ease. The process:

  • A signed master participation agreement covers the responsibilities of both the lender and the Rural Center.
  • The lender indentifies the loans.
  • The lender shares underwriting analysis with the Rural Center.
  • The Rural Center evaluates credit and issues a commitment to buy a stake in the loan.
  • The lender closes the loan and sells a position to the Rural Center.
  • Standard lender fees may be shared pro rata.
  • There are no additional fees to use this program.
  • The lender services the loan and shares proportional principal and interest payments with the Rural Center.

 

Forms

Master participation agreement (PDF)

Loan forms (PDF)

Loan forms (Word Doc)

 

Contacts

Central North Carolina

Tom Wall, Director, Small Business Credit Initiative

 

 

N.C. Rural Economic Development Center

4021 Carya Drive

Raleigh, NC 27610

Telephone: 919-250-4314

Fax: 919-250-4325

 

Return to top


Information for lenders

N.C. Loan Participation Program

See a list of participating lenders.


The N.C. Loan Participation Program helps lenders make more business loans. Typical loans in the program range from $150,000 to $1.5 million.

By purchasing up to 15 percent of an eligible loan (to a maximum of $200,000) the program allows you to reduce your risk while extending credit to eligible businesses.

Lenders that work with the Loan Participation Program appreciate our dedication to fast decisions and procedural ease. The process:

  • A signed master participation agreement covers the responsibilities of both the lender and the Rural Center.
  • The lender indentifies the loans.
  • The lender shares underwriting analysis with the Rural Center.
  • The Rural Center evaluates credit and issues a commitment to buy a stake in the loan.
  • The lender closes the loan and sells a position to the Rural Center.
  • Standard lender fees may be shared pro rata.
  • There are no additional fees to use this program.
  • The lender services the loan and shares proportional principal and interest payments with the Rural Center.

 

Forms

Master participation agreement (PDF)

Loan forms (PDF)

Loan forms (Word Doc)

 

Contacts

Central North Carolina

Tom Wall, Director, Small Business Credit Initiative

 

 

N.C. Rural Economic Development Center

4021 Carya Drive

Raleigh, NC 27610

Telephone: 919-250-4314

Fax: 919-250-4325

 

Return to top