The Community Preservation Corporation is a business loan from Community Preservation Corporation. The ongoing APR is LIBOR + minimum 600 bps, depending on structure and terms (term sheet dated Nov 2022). Approval typically requires a credit score of Minimum FICO score of 650 or higher. Typical credit limit: Up to $8 million in New York State (NYS) and $5 million outside NYS. Loan terms: Loan Terms up to 18 months, depending on anticipated take out; amortization none, interest reserve required up to loan term.