So, your business is looking for some capital?
Maybe to purchase a new piece of equipment, refinance an aggressive loan, or maybe even secure some start-up funding? The list of needs and uses goes on, but the simple solution is that at Bankable we offer business loans to fit nearly every type of for-profit business that isn’t quite ready to get financing at a Bank. To date, Bankable has made over 400 loans totaling nearly $11 million to businesses of all shapes and sizes. Between our Microloan, Community Advantage (CA) Loan, and Credit Builder loan products, we can find the right loan structure to fit the needs of your business up to $250,000.
How it Works
It’s easy to get you started on the path to becoming Bankable. First, fill out the application form. If you have any questions, concerns, or reservations about any of the questions feel free to chat with us or give us a call. After you submit your application a member of the Bankable team will follow up within 24 hours to have a more in depth conversation about your business, and to personally walk you through our loan decision process. Then, after we have collected all of the necessary documentation we will complete our review process.
The document packet we review when making our loan decision is similar to what will be requested when applying for a business loan at the bank. However, if there is a document(s) listed below that you don’t have or may have trouble producing just let us know and we can work together to figure out an alternative. Typically we like to see 2-3 years of tax returns and financial statements for existing business if available. Often times applicants ask if we have a minimum credit score or collateral requirement and the simple answer is no, we do not have a minimum. However, we do take personal credit and collateral into consideration during our review process.