Small Loan Advantage

Small Loan Advantage


$15,000 - $50,000

Loan Terms

  • Variable Interest Rate of Prime + 2.25%
  • Up to 7 yr Repayment
  • No Pre-Payment Penalty
  • 3% Application Fee
Do I Qualify?

Type of Business For Profit
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
Community 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% Application Fee
Do I Qualify?

Type of Business For Profit
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, 20, or 25 yr Repayment
  • Real Estate and Equipment Only
  • 10% Down Payment
Do I Qualify?

Type of Business For Profit
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.