Small Business Loans
Community Futures provide entrepreneurs with small business loans up to $150,000 when traditional financial institutions are unable to help. Loans are available for new business start-ups, business expansion, or to stabilize an existing business. A loans committee comprised of community volunteers is involved with the loan review process. This insures community input on loan approvals.
Acceptance for a Business Development Loan depends on:
- Market potential and future economic viability of the business
- Location of the business
- Competent management
- Local job creation
- Experience related to the venture
- Reasonable personal financial investment
- Ability to repay
- Adequate security for the venture
- Creation of a business plan
Community Futures loans are offered with:
- Competitive interest rates
- Flexible repayment schedules
- No pre-payment penalty
To find out more about the Community Futures Loans Program and whether or not you qualify, contact the Community Futures office nearest you by viewing our Locations page.
