Summer Just Got Better for Small Businesses
No Application Fees on All Loans Closed by September 30th!
This summer, Prestamos CDFI is helping entrepreneurs heat up their business plans without burning through their budgets.
Now through September 30th, we’re waiving all application fees for small business loans across all of our lending products:
✅ Small Business Loans
✅ SBA Micro Loans
✅ SBA Community Advantage Loans
Whether you’re launching something new, expanding your operations, or need working capital to stay on track — this is your opportunity to access affordable funding and save money from day one.
Who’s Eligible?
- Businesses in any industry
- Loan requests of any amount
- Must close by September 30, 2025
Eligibility Requirements
Loan Size
• $10,000 up to $1,500,000
Years in Business
• Start-up Business allowed
Loan Terms
• Up to 84 Months
Amortization
• Up to 300 Months
Interest Rate
• Fixed
• Rates as low as 7.5%
Collateral
• Security interest in business assets
• Equipment
• Real Estate
• Vehicles
• Other Personal Property
Minimum Injection
• 10 to 20 percent
Loan Fees
• Credit Report Fee
• Application Fee
• Third-Party Fees (i.e. Appraisal, Title, Legal, Filing, etc.)
• Origination Fee
Guarantee
• Unlimited personal guaranty of principal owners of 20% or more ownership
• Unlimited guaranty of an affiliate business
Eligible Uses
• Working capital
• Inventory or supplies
• Furniture or fixtures
• Machinery or equipment
• Real estate
Not Eligible Uses
• Delinquent taxes
• Down payments
Community Impact Requirements
• Create or retain Jobs
Terms & Conditions
• No Pre-Payment Fee
• Collateral required
*Information subject to change without notice
