First Community Capital - Startup Financing

Startup Financing

$5,000 - $10,000 – Cover initial business costs and launch with confidence

Strategic Guidance / Advisory Support / Planning Support / All Business Sectors

Loan Uses

Working Capital – Manage daily operations.
Equipment Financing – Upgrade or purchase essential equipment.
Inventory/Supply – Fund inventory and supply needs.
Debt Consolidation – Combine multiple debts into one.
Debt Refinancing – Lower interest rates or adjust terms.

Application Requirements

Intake Form (PDF)
Two Forms of ID
Personal Financial Statement (PDF)
Business Plan (Resources)
Cash Flow Projections (3 years) (Download Template)
Personal Tax Returns (Last 2 Years)
Personal Bank Statements(Last 2 Months)
Minimum 20% Owner Investment
2+ Years Industry Experience

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Ensure all documents are clear and up-to-date for a smooth review process.

Basic Information

Your Name *

Purpose *

Email Address *

Loan Amount

Exact Loan Amount *

Business Information

Legal Business Name *

Business Phone *

Date in Business *

Percent of Ownership *

Address *

City *

State *

Zip Code *

Financial Information

Annual Gross Revenue

Net Profit Last Year (Before Taxes)

Terms and Conditions *

As an authorized representative I submit this pre-application for a loan to First Community Capital. I authorize First Community Capital to make inquiries as necessary to verify the accuracy of the statements, and should be required; I will provide additional information to determine the creditworthiness of the individual owners listed above.

First Community Capital is an Equal Opportunity Lender. We do not discriminate on the basis of race, color, religion, sex, marital status, disability, age, or national origin.

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FAQ

What is the Startup Loan Application Process?

Securing a startup loan is a crucial step for new businesses aiming to fund initial operational needs, purchase equipment, or cover other startup costs. This process requires detailed documentation to prove the viability of your business idea.

Step	Description
Submit Application	Application Submission: Complete the loan application form. Make sure to provide detailed and accurate information to enhance your chances of approval.
Loan Officer Follow-Up	Initial Review: A loan officer will assess your application to ensure all necessary details are included and may follow up for clarifications or additional information.
Pre-Approval	Business Evaluation: Unlike personal loans, startup loans may require a more in-depth evaluation, including a review of your business plan and potential market. If the initial information meets the lender’s criteria, a credit check will be conducted. Pre-approval will depend on both your personal credit history and the viability of your business concept.
Gather Documents	Document Submission: If pre-approved, you will need to provide a comprehensive set of documents that support your business plan and financial forecasts.
Loan Decision	Detailed Review: The lender will review all submitted information and documents to make a final decision. This may involve assessing your business model, market analysis, and financial projections.
Close Loan	Finalization and Funding: Upon approval, you will sign the necessary loan documents, and the funds will be disbursed to your business account. You will then begin the repayment as agreed in the loan terms.

Prepare Your Documents

Business Plan	A detailed and well-structured business plan outlining your business idea, market analysis, management team, and financial projections.
Personal Financial Statement	Essential for assessing your personal financial involvement in the business.
Credit Report	Permission for the lender to check your credit.
Bank Statements	Personal and any existing business bank statements to show financial history and stability.
Collateral Documentation	If applicable, documents related to any assets you plan to use as collateral.
Proof of Identity	Typically requires at least two forms of identification.
Legal Documents	Any registration documents related to starting your business, including licenses and registrations, Articles of Incorporation, leases, and third-party contracts, if applicable.

(951) 631-9823 - info@fccbi.org

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