Small Loan Advantage

Small Loan Advantage

$15,000 - $50,000

Loan Terms
  • Variable Interest Rate of Prime + 2.75%
  • Up to 7 yr Repayment
  • No Pre-Payment Penalty
  • $1,500 Application Fee
Do I Qualify?
Time In Business 1 Year
Business Location Ohio, Michigan, Indiana, Florida
Credit History Typical personal credit of 625. Average SBA score of 185
Timing Typically close within 30 days
Ineligible Business Bars/Clubs, Real Estate Investment, Financing/Leasing Business, Non-Profit
small loan advantage vs merchant cash Advance
6 - 8.5% rate 24% - 112%
7 years term 24 months
$1,500 fees Buried/Undisclosed
Small Loan Advantage

Community Advantage

$50,000 - $250,000

Loan Terms
  • Variable Interest Rate of Prime + 2.75%
  • Up to 10 yr Repayment
  • No Pre-Payment Penalty
  • $2,500 Application Fee
Do I Qualify?
Time In Business 1 Year
Business Location Ohio, Michigan, Indiana, Florida
Credit History Typical personal credit of 625. Average SBA score of 185
Timing Typically close within 30 days
Ineligible Business Bars/Clubs, Real Estate Investment, Financing/Leasing Business, Non-Profit
community advantage vs alternative financing
6 - 8.5% rate 8 - 18%
10 years term 3 years
$2,500 fees 5%
Small Loan Advantage

Real Estate Advantage

$250,000 - $5,500,000

Loan Terms
  • Fixed Interest Rate
  • 10 or 20 yr Repayment
  • Real Estate and Equipment Only
  • 10% Down Payment
Do I Qualify?
Time In Business 1 Year
Business Location Ohio, Michigan, Indiana
Credit History Typical personal credit of 625. Average SBA score of 185
Timing Funded 45 days after project completion
Ineligible Business Bars/Clubs, Real Estate Investment, Financing/Leasing Business, Non-Profit
real estate advantage VS traditional financing
5 - 6.5% fixed rate 5 - 7% arm
20 years term 20 years
3.5% fees 3.5%

Anchor is a U.S. Treasury CDFI (Community Development Financial Institution) and an SBA (Small Business Administration) approved non-profit lender. Our lending programs are funded in part through a Cooperative Agreement with the U.S. Small Business Administration. Loans will be made or arranged pursuant to current SOP and 750 Agreement. Certification #141CE01334 FIRS #7162384. Terms subject to change.