Business lending is at the core of what we do at Impact Loan Fund. We generally fund existing businesses or businesses looking to expand.
If you need to finance equipment to expand your business, fit out a new location, or acquire a property to operate your business, we are happy to speak with you about your needs. We typically do not finance startup businesses, but if we are unable to help with your needs, we can help refer you to other resources.
Our business loans range from $25,000 to $250,000. Loan-funded activities can include:
- Building Acquisition
- Business Expansion
- Equipment
- Building Improvements
- Working Capital
Our target area. Click the map to expand.
Minority and female business owners are encouraged to apply (se habla Español).
The Details
Terms of the Loan
- Loans ranging from $25,000 to $250,000
- Loans can be repaid for up to 7 years
- Closing fee: 1.5%
- Interest rates between 7% to 10%
- Loans must be guaranteed by principal owner(s)
- No penalties for early repayment
Collateral & Other Requirements
- Business Assets
- Equipment
- Real Estate (if available)