Loans up to $500,000
The EGF ImpactLoan™ offers fast, flexible and affordable business funding from $100,000 to $500,000
If you’re looking for business financing from $100,000 to $500,000 in New Jersey, New York or Pennsylvania our ImpactLoan can provide the funding you need—fast. While other bank loan options can take months, we’re able to provide larger business loans in as little as 2 weeks. Throughout the process, you’ll work-one-on-one with a loan consultant who will work to understand your business and financial situation. And, by offering flexible requirements and terms, we put larger business loans within reach.
About the ImpactLoan:
- Amount: up to $500,000
- Terms: up to 5 years
- Interest Rate: 8-11.9%
- No prepayment penalty: borrow when you need it, pay back as fast as you want
- Fees: 5% commitment fee (can be financed into the loan)
- Guarantors: personal guaranty of equity owners > 20%
- Collateral requirements are case-specific
If you have strong cash flow and can demonstrate a history of paying your business obligations (including debts and taxes), you are a good candidate for an EGF loan.
Looking for More Than $500,000?
If you’re looking for a business loan of more than $500,000 or have been in business for under one year, please get in touch with us to discuss your loan options, including the SBA 7(a), SBA 504 loans, and Community Advantage loans offered through our affiliates.
Ready to Get Started?