You are more than a credit score!
We are the first ethnic Chamber in the Sacramento Region to create a peer review Micro Loan Program designed to help small businesses grow and take their business to the next level.
This innovative lending tool is made possible through our partnership with Valley Small Business and Wells Fargo Bank. Through the program, we will be providing qualifying members with small business loans ranging in amounts from $5,000 to $50,000. These funds can be used for many purposes, such as equipment acquisition, working capital, inventory, or even consolidating credit card debt that is used for the business.
The 2012 terms of the Micro Loan Program are:
- 9.50% fixed interest rate
- Up to 7-year (84 months) repayment plan, with no pre-payment penalty
- Typical lending range $5,000-$50,000
To be considered for a loan, complete the preliminary application and fax it back to (916) 446-7098.
For more information, or to find out if you qualify, please contact Chantel Hoad at (916) 446-7883 or by e-mail at choad@sacasiancc.org.
