A non-profit microlender committed to providing fast and affordable online financing, to fostering financial stability, and to encouraging entrepreneurship among women-owned, low-income and under-resourced small businesses in California.
https://tmccommunitycapital.org/
Microloan Lite
$5,000 – $15,000
Term: 1 – 3 years
Interest Rate: 7.5-8.5%
Processing Fee: 5%
Documents Required:
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Last 3 months of bank statements
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Proof of business
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Valid government-issued photo ID
Microloan
$15,001 – $50,000
Term: 2 – 5 years
Interest Rate: 7.5-10.5%
Processing Fee: 5%
Documents Required:
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Last 3 months of bank statements
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Proof of business
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Valid government-issued photo ID
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Most recent year of business and personal tax returns
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Prior year profit and loss if tax returns are not available
Eligibility Requirement for our Loan Products:
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For profit California business owner
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In operation and generating revenue for at least 12 months
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Excluded Industries: Adult entertainment, Cannabis, RideShare, Real Estate, Speculative Industries, Weapons/Ammunition, and more
*No minimum FICO score
*ITINs are accepted
*TMC CC does not discriminate against any employee or applicant because of race, creed, color, religion, gender, sexual orientation,
gender identity/expression, national origin, disability, age, genetic information, veteran status, marital status, pregnancy or related condition (including breastfeeding), or any other basis protected by law.
