Types of Loans
Credit Builder Loans of $150 to $1,000
- Application Fee $25, Commitment Fee $25
- Interest Rate: 8-14%
- Term 6-12 months
Direct Loans of $1,000 to $2,500
- Application Fee $50, Commitment Fee $50
- Interest Rate: 8%
- Term 6-24 months
Small Business Loans up to $10,000
- Application Fee $100, Commitment Fee 2%
- Interest Rate: 8%
- Term 12-60 months
Credit Lines up to $20,000
- Application Fee: $100
- Commitment Fee: 2%
- Interest Rate: 8%
- Term 1 year with possible renewal
Expansion Loan - up to $50,000 (May include start-ups with a high demand market niche)
- Application Fee - $400, Commitment Fee - 1%
- Interest Rate 6-8%
- Term of five to seven years
