Our Model

Loans for Business

Kiva

  • Purpose: Working capital, start-up loan, FF&E
  • Eligible Projects: Commercial and small business
  • Loan Amount: $0- $10,000
  • Interest Rate: 0%
  • Term: Up to 3 years
  • Repayment: Fully amortizing payments administered through PayPal
  • Loan Fees: None
  • Collateral: None
     

Accelerated Business Loans

  • Purpose: Working capital, equipment, leasehold improvements
  • Eligible Projects: Commercial and small business
  • Loan Amount: $25,000-$100,000
  • Interest Rate: 6% -10%
  • Term: Up to 5 years
  • Repayment: Fully amortizing payments based on period up to 5 years
  • Loan Fees: 3% of loan + 3rd party costs + legal fees
  • Collateral: 
    • UCC on all business assets
    • Personal guarantees from principals

Permanent Working Capital

  • Purpose: Working Capital
  • Eligible Projects: Commercial and small business
  • Loan Amount: $100,000-$500,000
  • Interest Rate: 6% -10%
  • Term: Up to 7 years
  • Repayment: 
    • Fully amortizing payments based on period up to 7 years
    • No more than 6 months interest only
  • Loan Fees: 3% of loan + 3rd party costs + legal fees
  • Collateral:
    • UCC on all business assets
    • Personal guarantees from principals 
    • Corporate guarantees, if applicable
       

Leasehold Improvement/ FF&E Loans

  • Purpose: Leasehold Improvements, Remodel/Expansion, FF&E
  • Eligible Projects: Commercial and small business
  • Loan Amount: $100,000-$500,000
  • Interest Rate: 6% -10%
  • Term: Up to 7 years
  • Repayment:
    • Fully amortizing payments based on period up to 7 years
    • No more than 6 months interest only
    • For LI loans, loan term cannot exceed remaining term of lease
  • Loan Fees: 3% of loan + 3rd party costs + legal fees
  • Collateral:
    • UCC on all business assets
    • Perfected 1st priority lien on equipment 
    • Leasehold mortgage may be required for loans above $350,000
    • Personal guarantees from principals 
    • Corporate guarantees, if applicable
       

Maker Space Loans

  • Purpose: Acquisition, construction
  • Eligible Projects: Commercial and multi-tenant maker space projects
  • Loan Amount: $500,000 - $3,000,000
  • Interest Rate: 6% -10%
  • Term: Up to 10 years
  • Repayment:
    • Fully amortizing payments based on period up to 10 years
    • Longer amortizations permitted
  • Loan Fees: Up to 1.5% of loan + 3rd party reports + legal fees
  • Collateral:
    • UCC on all business assets
    • Mortgage on property (including assignment of leases and rents)
    • Personal guarantees from principals 
    • Corporate guarantees, if applicable

Commercial Real Estate Loans

  • Purpose: Acquisition, construction
  • Eligible Projects: Commercial and mixed-use projects
  • Loan Amount: $500,000 - $5,000,000
  • Interest Rate: 6% -10%
  • Term: Up to 10 years
  • Repayment:
    • Fully amortizing payments based on period up to 10 years
    • Longer amortizations permitted
    • Loan Fees: Up to 1.5% of loan + 3rd party reports + legal fees
  • Collateral:
    • UCC on all business assets
    • Mortgage on property (including assignment of leases and rents)
    • Personal guarantees from principals 
    • Corporate guarantees, if applicable