GROWTH FUND
$25K - $50K
Established or growing small business generating revenue 18+ months
INTEREST RATE
Up to 10%
FEES
$150 application fee and 3% origination fee
TERM
3 – 5 years
PRE-PAYMENT PENALTY
None
COLLATERAL
UCC lien on business assets; key man insurance under certain circumstances
PERSONAL GUARANTEES
Must be provided by individual with 20% or more ownership
HOW THE LOAN IS EVALUATED
Historical financial performance, three-year monthly projections, collateral coverage, and credit.
LOAN PURPOSE
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Working capital, inventory
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Machinery, equipment, furniture, fixtures
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Supplies, leasehold improvements, and minor building renovations
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Mobilization dollars to execute on contract
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Refinance predatory debt