A form is not necessary. We will forward a loan letter to you to sign, TAC card and return to us. On the letter is the 26-digit code where the loan should be recorded within five days of sending back the documentation. Do not hesitate to follow up with a call to our office as to the status of your loan. Please sign it, date it and TAC card it and return to our office after making a copy for yourself.
Interest is calculated at the then current prime rate.
Payments are currently scheduled for once a year, and are planned for July 1 st of each new fiscal year. Yes, it helps the University to provide for other equipment purchases waiting for funding and there is no prepayment penalty. This office will provide a complete repayment schedule at least once each year, as accurately as possible in an ever changing environment, to facilitate your budget planning process. At our office on the fourth floor of the Franklin Building, we have files containing property leases. Also available to contact is Karen Zinn , Director of Real Estate Finance, who can assist you with real estate needs.