The Growth Loan
Small businesses often find it difficult to access affordable capital with reasonable terms. They’re much less likely to receive an approval than their larger counterparts through traditional banking methods, and as a result, entrepreneurs are turning to other financial options to find capital. We believe that small business owners are the unsung heroes in communities. Every day, these hard-working entrepreneurs struggle to identify adequate sources of capital to grow their business. Today in America, roughly 80% of small businesses cannot access a loan from a bank, and community banking is down 50% over the past decade. As the primary employers in the United States, a lack of capital stifles both business innovation as well as job creation. Small-business lending has been stuck in a slow, grinding recovery behind most other types of business and consumer loans. Traditional lending options still lack the flexibility needed to support small business growth. Our Growth Loan is a character-based loan up to $35,000 for small business owners who cannot access capital through traditional underwriting methods. More than anything, our Growth Loan process is a conversation. Establishing confidence in you, the borrower, is an important piece of the equation. Loan use is flexible including working capital, website improvements, and more. We have built an accessible loan product without the headaches and requirements that are normally associated with the hunt for financing.