Great Product Features, No Hidden Fees, Award Winning Customer Service, and a Committed Long-term Lending Partner


Products with customer-friendly features
like no prepayment penalties, low
upfront fees, and competitive pricing.


Award-winning* customer service featuring a revolutionary online application and dedicated customer relationship management.

Because we use our own capital, our interests are aligned with those of our customers.


* Business News Daily, January 2017, May 2016, October 2015, Best Alternative Lender for Working Capital Loans

Customer-Friendly Product Features, Simple Terms, No Hidden Fees

 TERM LOANSLINES OF CREDIT
Use of Proceeds
Expansion, equipment and capital improve-
ments
Working capital and short-term cash flow
management
AmountUp to $500,000Up to $150,000
Repayment TermUp to 4 yearsNew balance after each draw is amortized
in equal installments over 18 months
Payment FrequencyTwice per monthOnce per month
Cost• Our rates are risk-based, meaning that we determine an interest rate according to our estimated likelihood of repayment
Prepayment FeesNo prepayment penalties — simply pay the outstanding balance plus accrued interest if you prepay
your loan or line of credit
Collateral• No specific collateral required
• Personal guarantee
• UCC-1 on business assets (a “blanket lien”) for most customers

Understanding How We Determine the Cost of a Loan

We take many factors into account when pricing a business loan or line of credit. There is no simple formula to explain how an interest rate is determined, but you can think of it in the following 4 categories.

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    BUSINESS STABILITY

    Years in Business

    Cyclicality

    Seasonality

    Customer Concentration

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    CREDIT HISTORY

    Personal & Business Obligations

    Positive Public Records

    Negative Public Records

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    FINANCIAL METRICS

    Revenue

    Profitability

    Growth

    Profit Margins

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    CASH FLOW & DEBT

    Debt to Income

    Income to Debt Payments

    Amount of Debt

    Type of Debt

CUSTOMER SUCCESS STORIES



MORE SUCCESS STORIES

New York Women Entrepreneurs

Fundation has partnered with the City of New York, Goldman Sachs, and Squarespace to launch WE Fund Credit, a program designed to offer affordable business lines of credit at special interest rates to eligible women entrepreneurs in New York.

Click here to learn more!