For small business owners who need money to start or grow their business, we offer loans from $1,000 to $1,000,000. These loans can be used for working capital, to purchase inventory, for equipment and other hard assets, for short-term business training, for promotions and advertising, to retire existing business debt, or for the purchase of an existing business.

Qualification Details: 

To qualify for a business term loan you must:

  • Be at least 18 years of age.
  • Have a credit score of 550 or higher (600 or higher in Texas). Smaller loans are possible with a minimum credit score of 500 or no credit score (in participating areas).
  • Not have any active bankruptcies or foreclosures in the past 12 months.
  • Be current on all your personal and business bills.
  • Exhibit steady cash flow and the ability to support monthly loan payments.
  • Provide proof of income and revenue.
  • Provide collateral based on loan size.
  • Additional criteria may apply.

If you don’t meet these basic requirements, we encourage you to check back after you've had a chance to strengthen your application. 

 

 

 

Let's Get Started

In just 15 minutes, you can be on your way toward applying for a small business loan. Start by telling us a little about yourself.