Community Advantage
Are there barriers between you and business capital?
Not anymore.
If you've been turned down for traditional financing, the Community Advantage (CA) program gives you a lenient and affordable financing option.
Startups and businesses in "risky" industries, don't worry. We've got you covered. Women, minority entrepreneurs and veterans, we've got your back as well.
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If you're ready for an opportunity to succeed, get started by simply clicking this button:
About Community Advantage Loans
The Basics
The CA program was designed to offer more leniency for entrepreneurs who are underserved by traditional lenders.
The Details
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Loan range
$750 to $350,000 -
SBA guarantee
The SBA guarantees as much as 85% of loans of $150,000 or less, and as much as 75% of loans of $150,001 and more. -
Interest rates
Prime interest rate, plus 6 percent -
Repayment terms
Loans may be given for a maximum of 10 years (or the useful life of equipment), maximum 10 years for working capital, and maximum 25 years for real estate -
Closing Fees
Borrowers are asked to contribute 5% of the loan total (not to exceed $2,500) -
Loan can be used for
Nearly any valid business purpose, including working capital, renovations, equipment, debt refinancing and more. CA loans cannot be used as a revolving line of credit.
The Requirements
Businesses must
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Be a for-profit business operating in the U.S.
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Meet the SBA's definition of a small business (typically, fewer than 1,500 employees and less than $38.5 million in annual revenue)
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Be ineligible for other traditional financing options
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Invest some of your own time and money into the business
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Be able to show an ability to repay the loan
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Not have previously defaulted on any government-guaranteed loan
The Benefits
CA loans
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Are great for startups, businesses in "risky" industries, and business owners with low to average credit or ones who have been denied traditional financing.
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Are ideal for women-owned, minority-owned or veteran-owned businesses.
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Can be used for nearly any valid business purpose
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Have long repayment terms and low interest rates
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Get started by simply clicking this button:
