Type of Business | For Profit |
Business Location | Ohio, Michigan, Indiana, Florida, Kentucky, Pennsylvania |
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 |
Type of Business | For Profit |
Business Location | Ohio, Michigan, Indiana, Florida, Kentucky, Pennsylvania |
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% |
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 |
25 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.