Craft3 offices will be closed September 20, 21, 22 for an all staff meeting. Sorry for any inconvenience.
Starting a business is hard. Growing one can be even harder.
Access the capital you need to expand and respond nimbly to new opportunities.
With a minimum draw of $10,000, borrow only what you need when you need it. And pay interest only on what you borrow.
With a fixed interest rate, low fees, and an easy renewal process, there are no surprises.
When you’re ready to apply, complete this online form to help us learn about you and your business. If it looks like a potential fit, a Craft3 lender will reach out to talk with you about your business plan, uses of funds and collateral.
A Craft3 lender will invite you to apply and help you complete your loan application package. We will review your application and give your request the careful attention it deserves.
NOTE: Review usually takes 1-2 weeks, although it can be shorter or longer depending on the size and complexity of the request.
Securely sign your electronic loan documents. By request, document signing is also available by mail.
A strong business or idea
An entrepreneur with the skills and temperament to succeed
A financing request that makes sense given your business and your financial situation
As Young Mountain Tea experienced success, it needed a creative solution to finance accounts receivable and inventory. A Craft3 revolving line of credit met their needs, provided flexible and affordable capital, and helped them grow their business nationally.
We support entrepreneurs of all stages of the business journey and offer resources to help you learn, grow, and better understand your financing options.
We hope this business journey worksheet helps you think about your next steps and anticipate potential setbacks.
If you’re interested in starting or expanding a business, you’ll likely encounter lots of terms and acronyms. This glossary will hopefully help you make sense of unfamiliar words and equip you for your business journey.
We want to make the loan process as clear and transparent as possible. Here are some resources to support business preparation and growth.
When you repay your loan, we use that money to make other loans. This allows us to serve more entrepreneurs. Over time, this makes a big difference for communities, local economies, and the environment.
“Owners of value-added food and beverage companies seeking to grow their business often need to either give away equity or be large enough that a bank or traditional lender will finance them. We recognized a need and saw an opportunity. Our line of credit lets smaller companies scale and chart their own path.”