A Term Sheet spells out the terms. It is a non-binding agreement that establishes a level of trust. It is a part of the due diligence phase, meaning there is an intention to proceed with the purchase. A general idea of how the transaction will play out might be included. A Term Sheet can open the door for negotiation and hopefully an investment or purchase.
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Interesting Questions
The process can vary, but typically it takes a few weeks to iron out all the details and get everything in order. Patience is key here!
Yes, like any financial investment, there’s some risk involved. If the borrower defaults, it could cause a ripple effect on funding and future projects.
Stockton benefits by leveraging these loans to fund community projects or improve infrastructure, which in turn can help grow the local economy and enhance quality of life.
In Stockton, usually businesses or organizations looking to fund projects or expansions can apply for Senior Debt. It’s often a good fit for larger, established entities.