|
Home
Counseling Information
Business Resources
Seminars & Workshops
Professional Help
Sources of Capital
SCORE PUBLICATIONS
Typical Operating Expenses
Printable Documents
Max Gross,
Chapter 570 Chair
MEMBERS ONLY
Vet PROGRAMS
|
|
CAPITAL SOURCES MENU
MINORITY PRE-QUALIFICATION PILOT LOAN PROGRAM
WHAT IT IS:
Provides minority assistance in qualifying by providing intermediaries selected
by SBA to help prepare and review business plan and pre-qualification loan
application. If qualified, SBA will authorize a loan guarantee which is
presented to a competitive lender with assistance by the intermediary.
ELIGIBILITY:
At least 51% owned and operated by racial/ethnic minority. Must meet 7(a)
loan eligibility and size criteria.
INTEREST RATE:
Same as 7(a) loans. Maturity also similar.
AMOUNT:
Generally the maximum loan is $155,000
CREDIT:
Willingness/ability to pay debts. Good credit.
COLLATERAL:
Likelihood for success. Must pledge business/personal assets and
personally guarantee loan. Loan may not be denied if inadequate collateral
is the only negative.
FOR INFORMATION:
Contact CDC Small Business Finance Corp. 714-978-1182 or 909-352-5730
|
|
