Express $50,000 Loan Program!
$50,000 in Working Capital with a low current monthly payment of $626.64*
Access to Working Capital Fast and Hassle Free!
Details of Offer
||Currently 8.75%, Variable*
|Bank Processing Fee
||$1,500 paid from loan proceeds
| Bank Documentation Fee
||$350 paid from loan proceeds
|Personal Guarantee (Unsecured)
||All 20% or more owners
| SBA Guarantee Fee
|| $850 paid from loan proceeds***
||All Eligible Small For-Profit
Businesses as defined by SBA
||Maximum 3 owners
|Min. Monthly Revenue
WorkingCapitalLoan.com Independence Bank, East Greenwich, Rhode Island, Member FDIC.
*Loans have a variable rate of WSJ Prime Rate +3.75%. 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.
***Beginning October 1, 2018, the SBA will be charging a guarantee fee of 2% of the guaranteed portion of the loan amount. The fee will be paid from loan proceeds.
****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.