Looking to increase your holiday sales? Just in time for the holiday retail season, we're offering loans of up to $8,000 for new and existing small businesses. Pay back the loan within three months of when it's issued, and the loan will be completely interest-free.
These loans can be used to drive up your holiday profits by increasing inventory, investing in a holiday-focused marketing plan, purchasing equipment, or adding to your labor force.
The features of this loan include:
- Interest rates starting at 10.5% -- but no interest will accrue for the first three months
- Loans of $200 to $8,000, which can only be used for winter or holiday season preparation
- Loan terms from 6 to 36 months
- No pre-payment penalty
- Fees between 5% and 11%
- Credit score of 500 or higher (other credit criteria may apply)
- Sufficient cash flow to support monthly loan payment
- No repossessions or foreclosures in the past 12 months
- No collections or charge offs within the past 6 months
- Other criteria may apply
- Limited to the holiday season (December)