Enterprise Capital

Enterprise Capital

Working capital to finance the start-up and growth phases of new lines of business, and to expand the geographic reach of current business lines.

Uses Working capital to finance the start-up and growth phases of new lines of business, and to expand the geographic reach of current business lines.​
Loan amount Up to $1,000,000​
Loan term 3 to 5 years​
Interest rate From 5.75%, depending on availability of collateral/security, loan term, complexity of the business plan and sources of new cash flow for debt service​
Collateral/security Unsecured up to $500,000
Amounts greater than $500,000 will be secured by in real property, pledges of developer fees, UCC, ownership interests, and/or grant funds
Repayment source Corporate cash flow from existing, new, or expanded lines of business​
Fees Application Fee - $1,000
Origination Fee - 1.00% to 1.50% of loan amount
Third-party reports Business plan with 5-year cash flow projections
Appraisals and environmental assessments for real property collateral