Product

• Loans from $250,000 to $1,000,000, exceptions up to $2,000,000 considered
• Interest rate is 6.5%, no application or closing fee.
• Terms up to 5 years, amortization up to 15 years, full payment due at maturity.

Eligibility

• Small businesses that have been in operation for at least one year at time of application, no start ups
• Must be located in an eligible census track and loan proceeds must be invested and generate economic impact in business’s location
• Loan proceeds can be used for equipment, real estate acquisition and development, working capital, inventory, and refinance

Opportunity zones and New Markets Tax Credits (NMTC) interactive map