Loan Amount: Up to $25,000
Fund Uses: Operations
Interest Rate: 2.0 – 5.25%
Fees: $100
Personal Guarantee: Yes
Term: 3 years, no payments first 6 months
Collateral: If available
Documentation
- Loan Application
- Business Plan Executive Summary
- 2 years business and personal tax returns
- Current financial statements
- 2019 and 2020 year-end financial statements
- Person financial statement
