Business Loans

Startup or Acquisition

Market-ready startups, business acquisition or partner buyouts.

Working Capital

Purchase order and inventory financing.

Equipment

Purchase or rehabilitation of equipment.

Commercial Real Estate

Purchase, retrofit or improve real estate.

Debt Restructuring

Term-out or consolidate short- or long-term debt.

Project Financing

Commercial construction, gap and bridge financing and term loans.

Loan Size

Typically, $25,000 to $3,000,000, although we can do smaller or larger loans in certain situations by utilizing a USDA Loan Guarantee

Rates

7 to 12 percent, variable and fixed options

Fees

2 percent plus closing costs
1 percent plus closing cost for nonprofits

Term

3 to 7 years - longer amortizations are possible

Repayment frequency

Case-by-case, though we’ve made loans with:

• Normal principal and interest payments
• Interest-only payments during a start-up period
• Fully-deferred start of all principal and interest payments
• Revenue-based payment

Interest Type

Security / Guarantees

We offer both secured and unsecured loans. In many cases, we will require a personal guarantee from you or a guarantor.

For some loans, Craft3 may opt to utilize the USDA Business & Industry and SBA Community Advantage loan guarantee programs.