Microloan

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$5,000 – $50,000 Loans

Traditional microloans help small businesses owners and entrepreneurs build or repair credit. They also allow you to access capital in smaller amounts you can afford.

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Terms

  • Terms up to 72 months
  • Interest Rates up to 10%
  • $150 non-refundable Application Fee
  • 3% Commitment & Servicing Fee due at Closing
  • No Pre-Payment Penalty

Eligibility

  • Minimum 3 years in business
  • Eligible Uses: Equipment, Inventory, Working Capital
  • No minimum Credit Score
  • Collateral Requirements: Security interest in all business assets, Personal Guarantee of key owners