We know that the timing of business cash flows doesn’t always line up with opportunities for your business to grow. When the opportunity to sell more or to introduce a new product comes along and your cash is tied up, we want to help. In addition to our micro-business loans, we offer a couple of options to help your small business grow:
Vending at a festival or event this summer? Our Vendor Loan can help you cover the upfront costs of participating in festivals and craft fairs, and we can offer you some business guidance too:
Here’s what we offer:
- $500 loan repaid over 6 months (with low monthly payments of about $88); OR
- $1,000 loan repaid over 9 months (with low monthly payments of about $120).
We also make it easy to apply. Just submit the following documents for your Vendor Loan Application to be considered:
- Client Intake Form
- Vendor Loan Application
- Credit Check Authorization
- Loan Application Fee of $25
Need to upgrade or purchase new machinery and equipment? Our Machinery & Equipment (M&E) Loans are designed to help you finance up to 80% of upgraded or new equipment purchases. M&E Loans are available from $500 to $50,000 for businesses that have been in operation for at least 12 months, or up to $15,000 for startup businesses. All loans have fixed monthly payments and repayment terms of up to 5 years.
To apply for an M&E Loan, simply submit the following documents:
- Loan Application
- Equipment Invoice
- Last 2 Years Tax Returns
- Last 3 Months Bank Statements
- Credit Check Authorization
- Loan Application Fee of $50
Need a different loan amount? Just give us a call at (215) 545-3100, Ext. 226 to learn more about how we can help you take your business to the next level. We’re looking forward to hearing from you!
