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| Loan Product |
Business Plus Visa |
| Credit Limit |
$5,000 to $50,000 |
| Interest Rate |
Variable Interest* Prime + 4.00% to Prime + 8.00% |
| Grace period for repayment of balances for purchases |
25 Days |
| Method for computing the balance for purchases |
Average Cash Advance and Balance Transfer APR 14.9%. Delinquent rate after two billing cycles = 18.0% |
| Other APRs |
Average Cash Advance and Balance Transfer APR 14.9%. Delinquent rate after two billing cycles = 18.0% |
| Transaction Fee for Purchases |
None |
| Transaction Fee for Cash Advances |
3% of advance amount or $5.00, whichever is greater. |
| Late Payment Fee |
$25.00; Late fee is assessed when payment is 15 or more days past due. |
| Over Limit Fee |
$20 per occurrence per statement cycle. |
| Program Fee |
$0.00 Including Redwood Rewards Program |
*Prime Lending Rate is as of as published in the Wall Street Journal.