Working Capital Loan Independence Bank

Contact Us:
(401) 886-4600

Express $250,000 Loan Program!

$250,000 in Working Capital with a low current monthly payment of $3,000.27*

Access to Working Capital Fast and Hassle Free!

Details of Offer

Loan Size $250,000**
Pre-Payment Penalty None
Term 10 Years
Interest Rate Currently 7.75%, Variable*
Bank Processing Fee $2,500 paid from loan proceeds
Personal Guarantee (unsecured) All owners
 Lender Legal Fee $1,500
 SBA Guarantee Fee  $5,625 paid from loan proceeds
Industry All Eligible Small For-Profit Businesses
as defined by the SBA***
Collateral All Business Assets
Security Interest First Lien Position
Ownership Maximum 3 owners
Balloon Payment None
Min. Monthly Revenue $16,000
 Min. Credit Score  670


Apply Now Independence Bank, East Greenwich, Rhode Island, Member FDIC.

*Loans have a variable rate of WSJ Prime Rate +2.75%. The current WSJ Prime Rate is 5.00% and is subject to change. The monthly payment amount is based on the current variable rate.

**Loan amounts subject to meeting program requirements.

***Franchise loans are not available at this time.

Our Business Is Small Business

Contact Us:
(401) 886-4600