Investor Subscription Process
Minimum investment in the Fund is $500,000. An investor commits to the Fund by executing a non-binding subscription agreement which details the investment commitment amount and in what, if any, CRA geographical area the SBA loans need to be located.
The Fund Manager will attempt to acquire SBA loans that meet the investment criteria of the investor. Upon successful acquisition of “substantially all” (85%) of the loans in the investor’s “Targeted Region,” the investor will wire funds to an investment custody account maintained by the SBA Loan Fund with U.S. Bank’s Trust Securities Services.
The investor will then receive quarterly distributions and statements from the Fund Manager, via U.S. Bancorp Fund Services, and will be able to redeem its investment on a monthly basis with 30 days’ notice, subject to the terms of the Fund’s Private Placement Memorandum and Operating Agreement, which are available upon request.