Thank you for your interest in the CEO small business loan! One of the eligibility requirements for our microenterprise loan is participating in free credit education and business technical assistance from our program partners, International Rescue Committee (IRC), located in the cities below:
The Small Business Administration (SBA) Microloan Program is only available in San Diego County.
However, businesses located in California outside of San Diego County can access the non-SBA funds (at the same rate)
Non-SBA Business loan financing
If your business is located in these locations, you can directly contact the program partner through the links above or let us know your location and we'll be happy to refer you to a business advisor in your area. They would be your point of contact for your questions and support in applying for our business loan.
Our business loan terms are below:
- Maximum amount: $50,000
- Regular Interest Rate: 7.75%
- Reduced interest rates and terms for loans up to $5,000 (0%-3.99%, up to 60 months)
- Closing Fee: 2%
- Term: Up to 72 months
- No early payment penalty
- No minimum credit score requirement
- Collateral - case by case
The business advisor who provides credit education and business technical assistance will help prepare the loan application package.
Depending on the loan size, we require the following documents:
- Bank statements for the last 2 months (personal & business & savings if available)
- Proof of wage and/or business income (paystubs if available)
- Most current tax return
- Signed application form
- Loan Application Summary - will be prepared with the support of the business advisor
- Budget
- Business license and permits, if available
- Business Plan and Cash Flow for loans over $10,000 case by case
For more detailed information: CEO Microenterprise (Business) Loan
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