Access Capital to Fund Your Business
Prospera assists small business owners in the process of obtaining traditional and micro-loans. This includes guidance on credit improvement, help developing a business plan, preparing loan applications and presenting a business concept.
Prospera is a proud partner of ACCION USA, Florida’s largest micro-lender, which provides financing between $500 to $50,000 to small business entrepreneurs who do not qualify for a traditional bank loan due to poor or lack any credit history.
For companies who are looking for more than $50,000, an SBA loan may be the best option. SBA loans are offered through private banks with an SBA guarantee.
Some of the bank requirements to qualify for an SBA loan are:
- Business plan
- Capital injection of at least 30%
- Industry experience
Commercial Bank Loans
Commercial bank loans are generally available for existing companies who are seeking to expand their business. To qualify for commercial loans the company and owner(s) must have a good credit history and have a solid financial position.