PACE’s flexible business solutions allow you to do what you do best — run your business. Our customized loans offer fair and flexible terms and can be used for a wide-variety of business needs, including equipment purchases, working capital and acquisitions. PACE offers several types of business loan products detailed below:
KIVA CROWDFUNDING LOANS
Loan Amount: Up to $10,000 for existing businesses
Leveraging the internet and a worldwide network of microfinance institutions, Kiva lets individuals lend as little as $25 to help create opportunity for small businesses. PACE acts as a Field Partner and is responsible for screening borrowers, posting loan requests to Kiva, disbursing loans and collecting repayments.
Loan Amount: Up to $15,000 for start-ups and $50,000 for existing businesses
Microloans are typically used for equipment and machinery, inventory and furniture, startup costs, working capital, and high-interest loan re-financing. Term is three years.
SMALL BUSINESS LOANS
Loan Amount: $50,000 – $150,000
Small Business Loans are typically used for business expansion or acquisition, real estate acquisition, and new renovation and construction. Term is eight years.
If you are thinking about getting financing for your business, or simply want to know how to get started, we encourage you to contact us today!
Call 213-353-9400 or click HERE to have a counselor contact you!
PACE is a Small Business Administration Intermediary Microlender.