Small Business Financial Assistance

Small Business Loan

Eligible small businesses, including start-ups, are welcome to apply for the capital needed to secure a successful outcome for your venture.

Terms

• Term loans for up to 60 months; fixed interest rates between 7.5% and 9.5%.
• Loan amounts from $5,000 to $250,000.

• Uses: Gap financing, machinery and equipment, inventory, leasehold improvements, business debt refinancing, and working capital, and others.
• Eligible businesses include start-ups, retail, restaurants, manufacturing, transportation, and more.

Float Loan

Existing businesses who provide goods and services on a contract basis and are looking to increase capacity to mobilize and bid on jobs are welcome to apply.

Terms

• 2% commitment fee shall be paid to lender from loan proceeds.

• Loans up to $50,000.
• Uses: payroll, materials, job-specific machinery, and equipment.
• After repayment, borrower may draw additional loan funds during the calendar year without submitting a new application.