Préstamos Loan Programs
SBA Microloans from $2,000 to $50,000 for start-up and existing businesses - Small Business Investment Loans up to $250,000
- New Markets Tax Credit Program $500,000 to $3,000,000
Rates and Terms
- Terms up to five years, depending on loan size and program.
- Interest rates vary and reflect the market rate and loan risk. Rates are fixed over the life of the loan and charged on the outstanding principal balance.
- There is no prepayment penalty.
- Credit Report Fee of $20.00 per partner at time of application.
- Administration Fee of $100 for SBA Micro-loans.
- Origination Fee (depends on loan program) due at loan closing. This fee helps offset a portion of our lending, technical assistance and outreach costs. The origination fee is a percentage of the loan amount up to 2%.
- Other closing costs include but not limited to title, appraisal, legal costs.
- Annual Fees may apply (depends on loan program)
Use of Funds
Start-up costs - Machinery and equipment
- Inventory
- Working capital
- Tenant improvements
- Furniture & fixtures
- Supplies
SBA Non-Use of Funds
- Personal expenses
- Finance existing debt
- Real estate
- Delinquent taxes
- Down payments
- Gambling enterprises
Services
- Technical Assistance
- Referrals to technical service providers
- Networking
- Seminars – “CONEXIONES"
- SBA Loan Clinics
- The NxLevel
Events to Attend
