Our Small Business Loan targets Rhode Island residents that want to start or expand their business. While we consider all applications, we do look for entrepreneurs who will include environmentally sustainable practices (ie, reusing materials) into their business model. Unlike banks, we require no collateral and no minimum credit score from our borrowers. Rather, our lending decisions are based on your character and ability to repay.
About the Small Business Loan:
Loan Amount: $500-$2,000
Fixed Interest Rate: 15%
Loan Term: 1 Year
Credit Building: Yes
Required Materials:
12 Months Financial Projections
Marketing Plan
Competition Analysis
Itemized List of Investments
Two months of bank statements
Proof of Income: like paystubs or award letters
Proof of Residence: a regularly paid bill, like insurance or utilities
If you are having trouble assembling these materials, we can direct you to someone who can help.
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Have a DreamYou want to start or expand a small business, but you don’t have the money. |
Get a LoanFrom the Capital Good Fund, you get a Small Business Loan and the knowledge of how to use it. |
Raise Your IncomeWith the support of the Capital Good Fund staff, you grow your business, go green, and increase your income. |
In Business!With new knowledge and with more money in your pocket, you are now on the path to financial stability. |