Program Benefits

• Loans up to $50,000
• 1 – 3 year repayment options
• Technical assistance for recipient businesses
• Access to other loan providers
• Low interest rates (Starting @ 4.5%)
• Closing fees of 4% of the loan(included in the repayment of the loan)

Recipient Requirements

• Must have a qualified business plan
• Minimum 600 Credit Score
• 40% Debt to Income Ratio
• No Bankruptcies or Judgements in the pas two years
• Must have collateral
• Must start or have an existing business

Process for Loan Application

• Call INCREASE CDC for an appointment to discuss financial need and business plan
• Submit application with a non-refundable application fee ($100.00)
• Meet with INCREASE CDC to finalize application for submission to loan review committee
• If approved, meet with INCREASE CDC for loan closing