Working Capital Loan Independence Bank

Contact Us:
(401) 886-4600

Express $125,000 Loan Program!

$125,000 in Working Capital with a low current monthly payment of $1,516.59*

Access to Working Capital Fast and Hassle Free!

Details of Offer

Loan Size $125,000**
Pre-Payment Penalty None
Term 10 Years
Interest Rate Currently 8.00%, Variable*
Bank Processing Fee $2,500 paid from loan proceeds
Personal Guarantee (unsecured) All owners
 SBA Guarantee Fee  $2,125 paid from loan proceeds
Industry All Eligible Small For-Profit Businesses
as defined by the SBA
Equity Required None***
Security Best Available
Ownership Maximum 2 owners
Balloon Payment None
Min. Monthly Revenue $10,000


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 5.25% and is subject to change. The monthly payment amount is based on the current variable rate.

**Loan amounts subject to meeting program requirements.

***At a minimum, an equity injection of 10% of the total project costs for start-up businesses is required.  A business is considered a "start-up" if it has been in operation (i.e., generating revenue from intended operations) for up to one year.

Our Business Is Small Business

Contact Us:
(401) 886-4600