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Microenterprise Loan

$10,000 - $25,000 – Fast funding within Five business days

Loan Uses

Explore our versatile loan options designed to meet a variety of business needs:

  • Working Capital – Cover daily operations.

  • Equipment Financing – Upgrade or purchase equipment.
  • Inventory/Supply – Stock up on essential materials.
  • Debt Consolidation – Merge multiple debts into one.
  • Debt Refinancing – Secure better loan terms.

Loan Benefits

  • Simple application
  • Quick approval
  • Competitive interest rates
  • Flexible repayment
  • No prepayment penalty

Loan Features

  • Blanket UCC – Any lien position accepted
  • Interest Rate – Competitive
  • Credit Score – 620+
  • Ideal for building business credit

Required Documents

  • Intake Form
  • Business Loan Application
  • Personal Financial Statement
  • YTD Financials or 2-Year Projections
  • Business Tax Returns (Last 2 Years, if applicable)
  • Personal Tax Returns (Last 2 Years)
  • Bank Statements (Last 2 Months, Personal & Business)
  • Employer Identification Number (EIN)

Apply Now

Ensure all documents are clear and up-to-date for a smooth review process.
Basic Information
Loan Amount
Business Information
Financial Information

FAQ

What is the Microenterprise Loan Application Process?

Microenterprise loans are designed to help small businesses with limited capital needs and usually involve smaller loan amounts. This type of funding is particularly beneficial for solo entrepreneurs, home-based businesses, or those employing a few people.

Step Description
Submit Application Application Submission: Fill out the detailed loan application form. Ensure all required fields are completed accurately to facilitate a quick review and decision process.
Loan Officer Follow-Up Initial Review: A loan officer will examine your application to verify the accuracy and completeness of the information provided. They may contact you for additional details or clarification.
Pre-Approval Credit and Business Evaluation: The lender will conduct a credit check and review your business model. For microenterprise loans, this evaluation might focus more on the viability and potential of the business plan rather than extensive financial history.
Gather Documents Document Submission: If pre-approved, you will be asked to submit additional documents that may include proof of income, business licenses, or a detailed business plan.
Loan Decision Final Assessment: The loan officer will review all submitted documents to make a final decision. This stage assesses the potential success of the business and the borrower's ability to repay the loan.
Close Loan Loan Agreement and Funding: Upon approval, closing documents are signed, and the loan amount is disbursed to your account. The repayment schedule is set, typically involving fixed monthly payments.