Micro Loans

To provide liquidity and working capital to small, primarily home-based businesses.

• Eligibility: Any home business*
• Loan Amount: $1,000
• Interest rate (APR): 0.00%
• Loan Term: 100 Months
• Interest Rate: 0.0%
• Fees: No fee
• Prepayment Penalty: No
• Requirements:
  • Loan proceeds must be used for business purposes only. This product is not eligible for consumer purposes.
  • The business must be located in one of the following counties of CA, NY, NJ, IL, NV, or HI: Los Angeles, Ventura, Orange, Kings, Queens, Richmond, New York, Cook, Clark, Middlesex, or Honolulu.
  • Borrower is at least 18 years old.
  • Business must have less than $1,000,000 in gross revenues.
  • Applicant must not have been convicted of a felony, filed for bankruptcy within the last five years, and/or have a tax lien or a judgement lien in excess of $1,000.
  • No minimum FICO score.

* Some limited types of businesses are ineligible. Please consult with a bank employee for details.

To finance purchase of another business, office remodeling, expansion of business, equipment purchase, inventory or operating expenses.

• Eligibility: Business entity and/or individual doing business under a DBA*
• Loan Amount: $5,000, $10,000 or $15,000 with limit determined by annual sales.
• Interest rate (APR): WSJ Prime Fixed at the time of loan approval.
• Loan Term: 1, 2, or 3 years
• Fees: No fee
• Prepayment Penalty: No
• Requirements:
  • Loan proceeds must be used for business purposes only. This product is not eligible for consumer purposes.
  • The business must be located in one of the following counties of CA, NY, NJ, IL, NV, or HI: Los Angeles, Ventura, Orange, Kings, Queens, Richmond, New York, Cook, Clark, Middlesex, or Honolulu.
  • Borrower is at least 18 years old.
  • Business must have less than $1,000,000 in gross revenues and earn a profit.
  • Applicant must not have been convicted of a felony, filed for bankruptcy within the last five years, and/or have a tax lien or a judgement lien in excess of $1,000.
  • Minimum FICO Score of 600.

* Some limited types of businesses are ineligible. Please consult with a bank employee for details.