Types of Loans
Credit Builder Loans of $500 to $1,000
- Application Fee $25, Commitment Fee $25
- Interest Rate: Prime + 8%
- Term up to one year (12 months)
Direct Loans of $500 to $2,500
- Application Fee $50, Commitment Fee $50
- Interest Rate: Prime + 8%
- Term up to two years (24 months)
Credit Lines of up to $2,500
- Application Fee $50, Commitment Fee $50
- Interest Rate: Prime + 8%
- Term up to two years (24 months)
Small Business Loans of up to $10,000 (for existing business only)
- Application Fee: $100
- Commitment Fee: 2% of Loan Amount
- Interest Rate: Prime + 3-5%
- Term: up to three years (36 months)
Near Equity Loan Product - up to $35,000
- Application Fee - $400, Commitment Fee - 1% of Loan Amount
- Interest Rate 6-8%; Participation Fee of up to 1% of annual gross sales
- Term of five to seven years
