Business Loans

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Working for your Business

Whether you're a startup searching for your first loan or an existing business planning to grow, we'd like to help.

And we have the track record to make you successful, having helped hundreds of businesses create jobs and graduate to bank financing since our founding in 1994.

Our specialty? Working with businesses that can’t access traditional bank financing.
How we work for you

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.

Rates and Terms

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

Simple

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.