Business Loans

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Financing Your Business with a Loan up to $250,000


Small businesses play a big role in our regional economy and in our communities, and Craft3 is focused on serving these important entrepreneurs. Our small business loans help you take advantage of opportunities to grow.

We’re committed to helping you succeed, and we often form long-term partnerships with our customers. Rather than selling you a loan you don’t need or can’t afford, we take the time to get to know you and your business. We make sure we understand the opportunity, the risks, and how you’ll repay the loan.   

As a non-profit, mission-driven lender, we’re different. We can lend based on future-looking projections. We also understand that many capable entrepreneurs with strong businesses lack the credit, equity and/or collateral needed to access bank financing.

Fast answers and honest advice

Our lending team works closely with entrepreneurs, providing support at all stages of your business journey. We’ll give you straightforward answers about your prospects for approval and tell you what we’ll need to close your loan. If your books aren’t in perfect order, we can even help you get organized for underwriting.

quick funding
Funding in as fast as 30 days
no penalties
No prepayment penalties
no reporting
Zero reporting requirements


For entrepreneurs of color, Craft3 is pleased to offer special terms and rates.
  • Fixed rates as low as 5%
  • No loan origination fee
  • Closing costs of $200 plus 3rd party costs, (e.g., appraisal or legal fees, etc.)

Not sure if you're ready to apply? We can help!



Getting Loan Ready Toolkit

Download this toolkit to help you determine whether you’re ready to apply for a loan and if you are, learn what to expect and how to prepare to talk to a lender.

Business Resources Webpage

We support entrepreneurs at all stages of the business journey and offer resources to help you learn, grown, and better understand your financing options.

Rates and Terms*

*Entrepreneur of color-owned businesses may qualify for lower rates and special terms.

Loan Size

Up to $250,000. For larger business loans click here


Fixed rates from 8.00% to 10.99%


Loan origination fee of 2% of loan total plus closing costs
--Fees for non-profits are 1% plus closing costs--

Closing Costs

$650 plus any 3rd party fees for appraisal, legal, etc.


5 to 6 years, longer amortizations are possible

Repayment Terms

Normal principal and interest payments each month. Interest-only payments are possible for first 3 months


Obtaining a business loan is more involved than taking out a home mortgage. At Craft3, we support entrepreneurs every step of the way. Below you can see the main steps in the process.
apply online
Introduce Your Business
Complete a brief online form to help us learn about you and your business. We can then determine whether Craft3 financing might be a good fit for you.
Talk with our Lending Team
If it looks like a potential fit, a Craft3 lender will reach out to talk about your intake form and determine whether we can proceed. At this stage, topics of discussion may include: your business plan, uses of funds, projections, and collateral. Put simply, we want to learn who are you, what you want to do with the funds and how will you pay the loan back.
submit application
Work with one of our lenders to complete and submit your full loan application package.
Application Review
We’ll review your full application package and give your request the careful attention it deserves. The review process usually takes 1-2 weeks, although sometimes it can be longer.
review process
Funding Decision
You’ll receive a decision from us and, if you receive a conditional approval, we’ll tell you what closing conditions are required to close your loan.
Hand Money
When closing conditions are met, we disburse the funds.
Repay your loan with automated payments from your bank account.