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 LOANS | LINES OF CREDIT | |
|---|---|---|
| Use of Proceeds | Expansion, equipment and capital improve- ments | Working capital and short-term cash flow management |
| Amount | Up to $500,000 | Up to $150,000 |
| Repayment Term | Up to 4 years | New balance after each draw is amortized in equal installments over 18 months |
| Payment Frequency | Twice per month | Once per month |
| Cost | • Our rates are risk-based, meaning that we determine an interest rate according to our estimated likelihood of repayment |
|
| Prepayment Fees | No 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.
Years in Business
Cyclicality
Seasonality
Customer Concentration
[/info_list_item][info_list_item list_title="CREDIT HISTORY" icon_type="custom" icon_img="id^343|url^http://5kb.f76.myftpupload.com/wp-content/uploads/2018/01/credit-history.png|caption^null|alt^null|title^credit-history|description^null" animation="fadeIn" title_font="font_family:Lato|font_call:Lato" desc_font="font_family:Lato|font_call:Lato" title_font_size="desktop:20px;" title_font_color="#666666" desc_font_size="desktop:16px;" desc_font_color="#666666"]Personal & Business Obligations
Positive Public Records
Negative Public Records
[/info_list_item][/info_list]Revenue
Profitability
Growth
Profit Margins
[/info_list_item][info_list_item list_title="CASH FLOW & DEBT" icon_type="custom" icon_img="id^340|url^http://5kb.f76.myftpupload.com/wp-content/uploads/2018/01/cash-flow.png|caption^null|alt^null|title^cash-flow|description^null" animation="fadeIn" title_font="font_family:Lato|font_call:Lato" desc_font="font_family:Lato|font_call:Lato" title_font_size="desktop:20px;" title_font_color="#666666" desc_font_size="desktop:16px;" desc_font_color="#666666"]Debt to Income
Income to Debt Payments
Amount of Debt Type of Debt[/info_list_item][/info_list]
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!