Small Loan Advantage

Small Loan Advantage

$15,000 - $50,000

Loan Terms
  • - Variable Interest Rate of Prime + 2.25%
  • - Up to 7 yr Repayment
  • - No Pre-Payment Penalty
  • - $1,500 Application Fee
Do I Qualify?
Type of Business For Profit
Business Location Ohio, Michigan, Indiana, Florida, Kentucky, Pennsylvania
Credit History Typical personal credit of 675. Average SBA score of 185
Timing Typically close within 30 days
Ineligible Business Bars/Clubs, Real Estate Investment, Financing/Leasing Business, Non-Profit
Small Loan Advantage
VS
Merchant Cash Advance
  • 5.57% - 6.5%
  • 7 Years
  • $1,500
  • Rate
  • Term
  • Fees
  • 24% - 112%
  • 24 Months
  • Undisclosed
Community Advantage

Community Advantage

$50,000 - $250,000

Loan Terms
  • - Variable Interest Rate of Prime + 2.75%
  • - Up to 10 yr Repayment
  • - No Pre-Payment Penalty
  • - $2,500 Application Fee
Do I Qualify?
Type of Business For Profit
Business Location Ohio, Michigan, Indiana, Florida, Kentucky, Pennsylvania
Credit History Typical personal credit of 675. Average SBA score of 185
Timing Typically close within 30 days
Ineligible Business Bars/Clubs, Real Estate Investment, Financing/Leasing Business, Non-Profit
Community Advantage
VS
Alternative Financing
  • 6% - 7%
  • 10 Years
  • $2,500
  • Rate
  • Term
  • Fees
  • 8% - 18%
  • 3 Years
  • 5%
Small Loan Advantage

Real Estate Advantage

$250,000 - $5,500,000

Loan Terms
  • - Fixed Interest Rate
  • - 10, 20, or 25 yr Repayment
  • - Real Estate and Equipment Only
  • - 10% Down Payment
Do I Qualify?
Type of Business For Profit
Business Location Ohio, Michigan, Indiana
Credit History Typical personal credit of 625. Average SBA score of 185
Timing Funded 45 days after project completion
Ineligible Business Bars/Clubs, Real Estate Investment, Financing/Leasing Business, Non-Profit
Real Estate Advantage
VS
Traditional Financing
  • 3.5% - 4%
  • (fixed)
  • 25 Years
  • 3.5%
  • Rate
  • Term
  • Fees
  • 5% - 6.5%
  • (arm)
  • 20 Years
  • 3.5%

Anchor is a U.S. Treasury CDFI (Community Development Financial Institution) and an SBA (Small Business Administration) approved non-profit lender. Our lending programs are funded in part through a Cooperative Agreement with the U.S. Small Business Administration. Loans will be made or arranged pursuant to current SOP and 750 Agreement. Certification #141CE01334 FIRS #7162384. Terms subject to change.