LOAN REQUIREMENTS
REQUIREMENTS MICRO LOANS (Up to-$50,000) SMALL BUSINESS LOANS (Up to $1,000,000) SBA - (CA) Community Advantage ($100,000-$250,000)
Loan Size
  • $10,000 up to $50,000
  • $50,000 to $500,000
  • $100,000 to $250,000
Years in Business
  • Start-up Business allowed
  • Existing business operating for a minimum of 24 months
  • Start-up Business allowed
Loan Terms
  • Up to 5 years
  • Up to 7 years
  • Up to 10 years
Amortization
  • Up to 5 years
  • Up to 20 years dependent on risk and collateral
  • Interest only for 12 months
  • Up to 10 years
Interest Rate
  • Fixed
  • Rates as low as 7.87%
  • Fixed
  • Fully amortized
  • Rates up to 9.5%
  • Prime plus 4 variable
Collateral
  • Security interest in business assets
  • Equipment
  • Real Estate
  • Vehicles
  • Other Personal Property
  • Security interest in business assets
  • Equipment
  • Real Estate
  • Vehicles
  • Other Personal Property
  • Security interest in business assets
  • Equipment
  • Real Estate
  • Vehicles
  • Other Personal Property
Minimum Injection
  • 10 to 20 percent
  • 10 to 20 percent
  • 10 to 20 percent
Loan Fees
  • Credit Report Fee
  • Application Fee
  • Third Party Fees (i.e. Appraisal, Title, Legal, Filing, etc.)
  • Credit Report Fee
  • Application Fee
  • All third Party Fees (i.e. Appraisal, Title, Legal, Filing, etc.)
  • Origination Fee
  • Credit Report Fee
  • Application Fee
  • Third Party Fees (i.e. Appraisal, Title, Legal, Filing, etc.)
  • SBA Guarantee Fee
Guarantee
  • Unlimited personal guaranty of principal owners of 20% or more ownership
  • Unlimited guaranty of an affiliate business
  • Unlimited personal guaranty of principal owners of 20% or more ownership
  • Unlimited guaranty of an affiliate business
  • Unlimited personal guaranty of principal owners of 20% or more ownership
  • Unlimited guaranty of an affiliate business
Eligible Uses
  • Working capital
  • Inventory or supplies
  • Furniture or fixtures
  • Machinery or equipment
  • Inventory or supplies
  • Furniture or fixtures
  • Machinery or equipment
  • Real estate
  • Acquisition
  • Refinance
  • Inventory or supplies
  • Furniture or fixtures
  • Machinery or equipment
  • Real estate
  • Acquisition
  • Refinance
Ineligible Uses
  • Real estate
  • Delinquent taxes
  • Down payments
  • Non Profits
  • Down payments
  • Delinquent taxes
  • To pay existing debts
  • Delinquent taxes
  • Down payments
Community Impact Requirements
  • Create or retain Jobs
  • Create or retain Jobs
  • Create or retain Jobs
Terms & Conditions
  • No Pre-Payment Fee
  • Collateral required
  • Automatic Payment Required
  • No Pre-Payment Fee
  • Collateral Required
  • No Pre-Payment Fee
  • Debt Service Coverage