American Sky is providing turnkey solutions to Borrowers and Lenders within the following government guaranteed lending programs:

SBA 7(a) Loans

Maximum SBA Guaranty $3,750,000 with a maximum Loan of $5,000,000 (Including all other loans to borrowers and affiliates). Reduces risk to lenders by guaranteeing large portions of loans made to small businesses.

Eligible Uses of Proceeds

• Business Acquisition

• Business Expansion

• Business Start-up costs

• Working Capital

• Inventory Purchases

• Franchise Purchase

• Refinance Existing Business Debt

• Commercial Real Estate Purchase

• Equipment, Machinery & Inventory

Interest Rates

• Rate may be fixed or variable.

• The Lender sets the rate not to exceed SBA maximums.

• Higher rates are permitted on loans less than $50,000.

• SBA 7(a) loans have no prepayment penalty unless the term is 15 years or longer. (Prepayment penalty 5%, 3%, 1%; for years 1-3).

SBA 504 Loans

The 504 Program helps fund long-term, fixed-asset loans (real estate and large equipment), provided in conjunction with Certified Development Companies (CDCs) which are licensed by the SBA.

Funds may be used to purchase and install equipment or construct, refinance or improve owner occupied commercial real estate.

Project Costs Financed

• Non-guaranteed financing by Lender secured by first lien on project assets (50% of total project)

• SBA funds a debenture for the remaining portion of the project (typically 40%)
  Equity of 10% plus additional 5% if new business or special use property

CAPLines Loans

The CAPlines program, for loans up to $5 million, is designed to help small businesses meet their short-term and cyclical working capital needs.

Use of Proceeds

The programs can be used to:

• Finance seasonal working capital needs;

• Finance the direct costs of performing certain construction, service and supply contracts, subcontracts, or purchase orders;

• Finance the direct cost associated with commercial and residential construction; or

• Provide general working capital lines of credit that have specific requirements for repayment.

 USDA B&I Loans

The Business and Industry (B&I) Guaranteed Loan Program helps create jobs and stimulate rural economies by providing financial backing for rural business. Loan proceeds may be used for working capital, machinery and equipment, building and real estate and certain types of debt refinancing.

The primary purpose is to create and maintain employment and improve the economic climate in rural communities. The maximum aggregate B&I guaranteed loan amount that can be offered to any one borrower under this program is $25.0 million.

The percentage of guarantee, up to the maximum allowed, is a matter of negotiation between the lender and the agency. The maximum percentage of guarantee is:

• 0% for loans of $5.0 million or less

• 0% for loans between $5.0 million and $10.0 million

• 0% for loans exceeding $10.0 million

USDA REAP Loans

The Rural Energy for America Program (REAP) provides guaranteed loan financing and grant funding to agricultural producers and rural businesses for renewable energy systems or to make energy efficiency improvements.

Funds may be used to purchase, install or construct renewable energy systems, including, power generation systems, biomass, geothermal, hydrogen and solar/wind generation.

Terms & Eligibility

• Maximum guarantee up to 85.0%

• Must be a small-business in rural areas of 50,000 inhabitants or less

• Uses the same “small” size standards as the SBA 7(a) Loan Program

• Applicants must provide 25% of total project cost (if applying for grant funding)

 SDA CF Loans

The Community Facilities (CF) Loan Guarantee Program was established to help develop facilities that provide an essential service to the local community for the orderly development of the community in a primarily rural area.

Funds may be used to purchase, construct or improve essential community facilities ranging from hospitals and fire departments to libraries and childcare centers.

Terms & Eligibility

• Maximum guarantee up to 90.0%

• Maximum term up to 40 years

• Public bodies, community-based non-profit corporations and Federally recognized tribes are eligible to apply

• Must be a small business in rural areas of 20,000 inhabitants or less

FSA

The FSA “Farm Ownership” loans and “Operating Loans” offer a 90% guarantee on loans up to $1,392,000 (amount adjusted annually based on inflation).

Guaranteed Farm Ownership (FO) Loans

FO loans may be made to purchase farmland, construct or repair buildings and other fixtures, develop farmland to promote soil and water conservation, or to refinance debt. The term of a FO loan is up to 40 years.

Guaranteed Operating Loans Guaranteed Operating Loans (OL)

OL may be used to purchase livestock, farm equipment, feed, seed, fuel, farm chemicals, insurance, and other operating expenses. Operating Loans can also be used to pay for minor improvements to buildings, costs associated with land and water development, family living expenses, and to refinance debts under certain conditions. The term of an OL is 1 to 7 years.