Microloan

Small loans for small businesses

  • Just the Right Fit for You

    Traditional microloans help businesses build or repair credit as well as allowing you to access capital in smaller amounts you can afford.

    Available in DC, MD, VA


    Terms

    • Loans between $5,000 – $50,000
    • 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 1 year 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