Community Advantage Loan Program

The program is designed to meet the credit and management needs of small businesses in underserved markets. Underserved markets are:

Low to Moderate income communities
Empowerment Zones and Enterprise Communities
HUB Zones

New Businesses and Start Up Businesses
Businesses eligible for Patriot Express including Veteran owned businesses
Firms where more than 50% of their full time workforce is low income or resides in Low to
Moderate Income tract

The Minimum Loan Amount is    $50,000.
The Maximum Loan amount is    $250,000.
The Maximum term on Real Estate is 20 years
The Maximum term on equipment is 10 years

Rates are based on the wall Street journal Prime Rate

Equity injection is as little as 10%

A Personal Guarantee is required for all 20% or greater owners