This lender that is nonprofit several aspects whenever approving applications

This lender that is nonprofit several aspects whenever approving applications

Possibility Site Investment

Chance Resource investment try just a nonprofit community developing lender (CDFI) providing you with economic help to small enterprises through the entire state of Michigan.

Through possibility site investment, qualified borrowers may get capital for beginning or growing a small company. Loans can be found in amount from $10,000 to $250,000 with versatile terms and competitive interest levels.

The foremost is security. All loans should be guaranteed with security like real-estate, stock, reports receivables, gear, or perhaps a guarantee that is personal. Loans additionally require an equity investment of 10% to 15per cent.

Possibility site investment additionally need borrowers to generally meet specific criteria that are social. This can include aspects such as for example showing alternate company methods, supplying work to low-income people, and empowering woman- and minority-owned organizations.