Microloan Program

Loan Terms

 

  • Loan Range: $15,001 to $50,000

  • Term: 2 - 5 years

  • Interest Rate: 6-9%

Fees

 

  • Processing Fee: 5%

  • Late Payment Fee: 5%

  • No application fee or prepayment penalty

Eligibility

 

  • For-profit California business owner

  • In operation for at least 12 months

  • Not in the adult entertainment, pornography, gambling, pawn shops, cannabis, and speculative activities

  • Revenue under $3 million

Allowable Lending Activities

 

  • Working capital, inventory

  • Leasing commercial space and tenant improvements

  • Refinancing of credit card debt used for business purposes and other high-cost business debt

  • Equipment (including vehicles)

  • Other business expenses except to purchase or construct real estate

Required Documents

 

  • (Required) Personal & Business Bank Statements

  • (Required) Personal & Business Tax Returns

  • (Upon request) Recent Profit & Loss Statements

Noteworthy

 

  • No minimum credit score required

  • Collateral isn’t required, but may be optional upon request

Ready to apply for a loan?

 

Questions

Call us at (415) 655-5419 or email us at info@tmccommunitycapital.org. Hablamos español.

Need extra help? Schedule a free virtual appointment with one of our team members.