- Loans from $250,000 to $1,000,000, exceptions up to $2,000,000 considered
- Interest rate is 6.5%, no application or closing fee.
- Terms up to 5 years, amortization up to 15 years, full payment due at maturity.
- Small businesses that have been in operation for at least one year at time of application, no start ups
- Must be located in an eligible census track and loan proceeds must be invested and generate economic impact in business’s location
- Loan proceeds can be used for equipment, real estate acquisition and development, working capital, inventory, and refinance