Terms & Eligibility
Eligibility Requirements
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Owner(s) must be at least 18 years old and have at least 1 year of demonstrated same-industry experience in an eligible industry.
U.S. citizens, permanent residents, and ITIN holders are eligible to apply. Note that loans to ITIN holders follow the same lending guidelines, but additional documents may be requested.
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Owner(s) must be current on all personal and business debt, have no active liens or judgements, and not have declared bankruptcy within the last 12 months.
Must have secondary source of income (if start-up).
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Loan Terms
AMOUNT
$5,000 to $100,000
TERM
3-year or
5-year
INTEREST
9% to 11%
fixed rate
No minimum revenue or credit score, & no collateral required
$50 fee
due upon application
$5 UCC filing fee
due at loan signing
5% closing fee
due at loan signing
Interest rate determined during application review
“Working Solutions has repeatedly jumped in to support our growth when traditional banks refused to fund us. In four years, Forest & Flour has grown our revenue from $50K to $750K and created quality jobs in our community because Working Solutions has been there for us since day one.”
– Sway Soturi, Owner, Forest & Flour