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.
Loan Size
Up to $250,000. For larger business loans click here
Rates
Fixed rates from 8.00% to 10.99%
Fees
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.
Term
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
A Homecoming for Jackson’s Catfish Corner
Earl’s Cuts and Styles is a Community Hub
Financing a Boat for McCrory Enterprises
Helping Hood Famous Bakeshop Expand
A Kitchen for Umami Kushi
Business Loans up to $250,000 Brochure
LoanInquiry@Craft3.org
888-231-2170 ext. 505
Business Loan