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Our lending team works closely with entrepreneurs, providing support at all stages of the 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.
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.
We support entrepreneurs at all stages of the business journey and offer resources to help you learn, grown, and better understand your financing options.
Loan Size
From $250,000 up to $10,000,000
Rates
Fixed rates from 7.00% 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
3 to 7 years, longer amortizations are possible
Repayment Terms
Normal principal and interest payments each month. Interest-only payments are possible for first 3 months
LoanInquiry@Craft3.org
888-231-2170 ext. 505
Business Loan