The program cannot pay for or reimburse expenses incurred before final loan approval, or other site improvements not associated with putting the tanks into compliance. The loan term is ten years when secured by a Uniform Commercial Code Financing Statement on business assets. Or, twenty years when the loan is secured by a Deed of Trust on real estate with adequate equity. Below conventional market rates. Finally, CTCA may require the Letter of Commitment before final loan approval on contaminated sites.
Applications are available from the following authorized RUST loan packagers.
West Shaw Ave., Suite 100, Fresno, CA 93711. Gray Davis, Governor.