Our small business loans could be right for any kind of business, but the answer depends on your needs and circumstances. They’re great if your business is new and you don’t have a long credit history, can’t provide adequate collateral, or if you only need a small loan (up to $50,000). Our loans are also helpful for building credit, helping prepare you for traditional lending down the road. If your business needs a small loan – up to $50,000 – and you don’t have access to a traditional bank loan, a BOI loan might be the best choice for you.
Emily is a single mother who runs a home-based day care. She needs $5,000 to make upgrades to her space. Even though she doesn’t have a strong credit score, Emily was able to demonstrate her financial stability which allowed her to receive a BOI loan for her long standing business.
Juan is the owner of a successful brewery. In order to keep up with the demand his business is generating, he needs $50,000 to buy additional equipment. Because his business is only two years old, a BOI loan was able to meet his needs without interrupting his business growth.
Valerie is a new entrepreneur who is launching a startup. She needs $20,000 of working capital to operate her business before she has steady sales. Because Valerie is a first-time entrepreneur, a business coach is able to help refine her business model and projections until she is loan-ready.
Additional information is provided on our FAQ page.
View the FAQAdditional information is provided on our FAQ page.
View the FAQ1. Schedule an appointment to discuss your funding needs
2. Complete a full loan application
3. Submit your application to the loan committee for review
4. Meet with our team to discuss the loan terms
Schedule An Appointment1. Schedule an appointment to discuss your funding needs
2. Complete a full loan application
3. Submit your application to the loan committee for review
4. Meet with our team to discuss the loan terms
Schedule An AppointmentHave questions or want to receive more information about our loan program? Enter your contact info and a team member will be in touch with you shortly!
Are you ready to pursue a BOI loan, or discuss the opportunity with someone from our team? Fill out our online form and we’ll be in touch soon.
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