Job Start Loans
Job Start offers loans up to $10,000 to start or expand a small business.
- Interest rate - Prime plus 1%
- Flexible repayment terms
- 2% origination fee due at closing
- $15 application fee
Requirements: To qualfyfor a loan you must be:
Unable to obtain financing from a bank
Have income at or below the region's median income
Net worth (excluding home and business assets) must be below $25,000
Complete a loan application for loan committee review
It is the responsibility of the borrower to complete the application with all necessary data attached. The loan committee staff need not consider the application until it is determined complete by program staff.