The West Chester Cooperative board is moving quickly on a turn-key store opportunity (the former Great Pumpkin market in West Chester). In order to move the process forward, we need to raise money to open a store. (Read on for more details on our progress).
So we are kicking off our loan campaign in JANUARY 2020!
Meanwhile, we would love to hear from you -- please fill out the Pledge Form below and let us know that we can count on your support!
Why use member-owner Loans?
Member-owner loans are much less expensive for us to procure and payback than bank loans (banks add a lot of other costs to their loans, including fees, reporting requirements, covenants, etc. that are not included in their rates but make the overall cost of their loans higher).
Member-owner loans are a much more flexible way for us to raise money, without as many restrictions as a bank loan.
Once the store is open and making money, we will gain credit-worthiness and be able to approach banks for our larger project at the Post Office.
FOR MEMBER-OWNERS, our member loan program is an opportunity to invest locally in your Co-op while earning a return on investment and enriching your community.
FRIENDS & FAMILY, the entire community, potential future members and other supportive parties, can elect to invest in West Chester Co-op, whether or not they are members themselves.
So, please consider making a loan! Once the loan campaign is launched we will contact you with the agreement documents.
Zero-interest loans are available and will enable you to help build the Co-op in a most robust way!
Minimum requirement of $1,000 with no upper limit for loans.
Flexible Terms will be offered (generally between 5-10 years)
Interest Rates: 0%, 2%, 4%