Independent Capital Credit Corporation Originates $328 Million in Commercial and Business Loans.WILMINGTON, Del. -- Heritage Capital Credit Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :HCPC HCPC Harris County Psychiatric Center (University of Texas Health Science Center at Houston) HCPC Healthcare Common Procedure Coding HCPC Hancock County Planning Commission (Maine) ) announces that its subsidiary, Independent Capital Credit Corporation ("ICCC ICCC International Council for Caring Communities ICCC International Council for Computer Communication ICCC International Computer Communications Conference ICCC International Carpathian Control Conference ICCC International Conference on Computer Communications ") has originated for 21 Borrowers, business and real estate related loans totaling $328 million under its Commercial BCLOC Loan program. The BCLOC Loan program allows borrowers to access lower cost funds while building additional equity. The BCLOC also reduces the borrower's cost, using the proprietary software called Access Channel as the engineering model. The Borrowers of the 21 BCLOC Loans are expected to pay a 5% origination fee A charge imposed by a lending institution or a bank for the service of processing a loan. For example, a bank might charge an individual who has applied for a student loan an origination fee of one percent for processing the application and granting the loan. to ICCC once the loans are funded by a related funding corporation of ICCC. The BCLOC Loans are on projects located in Delaware, Florida, Pennsylvania, Georgia, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , and New Jersey. This press release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of federal securities laws that involve significant risk and uncertainties. The words "estimate," "possible," seeking," and similar expressions identify forward-looking statements, which speak only as of the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risk and uncertainties, some of which cannot be predicated or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risk and uncertainties to which forward-looking statements are subject include, bur are not limited to, the effect of government regulation, competition and other material risk. |
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