Credit cards, credit lines and loans are subject to credit approval and creditworthiness. Some restrictions may apply. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S" or “Merrill") makes available certain investment products sponsored, managed, distributed or prov...
How the CDFI Fund WorksThe Community Development Banking and Financial Institutions Act of 1994 authorized the creation of a new agency within the U.S. Treasury Department-the Com-munity Development Financial Institutions Fund.Jackson, Robin Y...
These loans may work well for new businesses that can’t qualify for a traditional business loan. Community programs The Community Development Financial Institutions Fund (CDFI Fund) is a government-funded program that provides financing to disadvantaged communities. Its affiliated organizations, or CDFI...
There are a couple of options available for small businesses in two recently hard-hit groups: restaurant owners and farmers. Small business owners across these sectors in need of hardship grants can still apply. The Restaurant Disaster Relief Fund Hello Alice and DoorDash have teamed up to ...
How to apply for a $15,000 business loan The application depends on the type of lender you choose. But these are the steps most business owners follow to apply for a $15,000 business loan. Compare lenders by first looking at a range of banks, microlenders, CDFIs and online providers ...
Your business applies for a term loan. The lender agrees to lend you a certain amount and sets an interest rate. You receive the funds you applied for in one lump sum. You repay the lender in predetermined amounts on a schedule. Once the loan is repaid, you’ll have to apply for ano...
How can you apply it? SBA Community Advantage Program: An Overview As a small business, you've probably come across SBA loans when researching for appropriate lending choices. These partially government-guaranteed loans, which range from the classic 7(a) loan to the CDC/504 loan, provide some...
Credit cards, credit lines and loans are subject to credit approval and creditworthiness. Some restrictions may apply. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S" or “Merrill") makes available certain investment products sponsored, managed, distri...
Apply Now Business term loans Business term loans can come from banks, online lenders or community development financial institutions (CDFIs). While online lenders and CDFIs typically don’t require down payments for general term loans, banks may require up to 20% down depending on the size of...
Small business owners in all 50 states, Washington, D.C., and U.S. territories were able to apply for anEconomic Injury Disaster Loan (EIDL)Advance of up to $10,000 as part of the application process for an EIDL loan. The loan advance did not have to be repaid and you didn’t act...