Business Lending Programs

¡Working Capital

¡Inventory Purchase 

¡Machinery and Equipment Purchase

¡Other

SBA – Microloans

Make short-term, fixed rate, fixed payment loans to start-up, newly established, and growing small businesses.  Loan Amount(s): Maximum of $35,000 – Loan Term: Maximum of 72 months (6 years) Applicant Borrower must have a rejection letter from a bank for loan of $20,000 or more.

 Eligibility – Reasonable collateral, personal guarantee of owners, experience/management ability

Proceeds can be used exclusively for working capital, inventory, supplies, furniture, fixtures, machinery and/or equipment.

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Intermediary Relending Program

Loan Amount(s): $20,000-$150,000

Loan Term: Depends on Loan Purpose

Interest: Fixed (no more than market rate)

Down Payment: 25% of loan amount

Eligibility – Net worth limits, located in rural area, equity capital, reasonable collateral, personal guarantee of owners, other requirements. Applicant Borrower must have a rejection letter from a bank

Can be used for the following:

1. Business acquisition, construction, conversion, enlargement, repair, modernization or development cost.
2. Purchasing and development of land, easements, right of way, building, facilities, leases, or materials
3. Purchasing of equipment, leasehold improvements, machinery or supplies
4. Other