The loan program provides down payment loan assistance for business projects that appear viable.
Loan amount available: $50,000 maximum/$5,000 minimum (subject to availability of funds).
3% fixed for term up to 5 years
5% fixed for term over 5 years
Term: Based on project need
Primary eligibility requirements:
Minimum of 10% from Applicant/Borrower
Bank request for assistance
Good personal credit history
Special features: Unsecured, with owners as co-borrowers.
See Business Finance Program for assistance.