‘EMPOWERED’ Business Loans for Women and Young Men

Loans for Women

Loans for Women & Young Men – $2,500 to $75,000 to start or Expand your Business!

Provide some initial info and we will contact you to explore further.

Who is Eligible

  • Women (18 and older)
  • Males (18 to 29 years old)
  • Startups & Existing
  • Legal Entities
    • Single Proprietorship
    • Partnerships
    • Companies
    • Cooperatives

Must have a majority interest by women and/or young adults

Benefits

  • 90% Financing for both New and Existing Businesses
  • Micro Loans from $2,500
  • Small Loans up to $75,000
  • 7.5% to 9.5% Interest on the Reducing Balance
  • Legal Fees can be financed
  • Max. Loan Repayment of 72 months
  • Grace period of 12 months (Principal only)
  • REBATE – 1 month interest for good repayment record of 12 consecutive months

Loans can be for:

  • Capital Investment (Furniture etc)
  • Working Capital
  • Revolving Line of Credit (Existing operations only)
  • Special Training
  • Marketing & Promotions
  • Legal Fees

Application Requirements

  • Must be a registered legal entity
  • Business Plan (For Larger Projects) (Click here to download a template)
  • Invoices for items you want to purchase
  • Cost estimate for how the loan monies will be invested/spent
  • 10% borrower contribution – New or Existing
  • Meet Loan Security
  • Financial Records
  • Documents  – Any relevant permits, licenses etc.
  • Photo ID: Social Security Card or Passport

Get professional business development support from the  Small Business Development Center (SBDC – BELTRAIDE)

LOAN SECURITY REQUIRED

  • $2,500 to $5,000 = Promissory note only [P-note] (Signing of a letter committing you to repay the loan)
  • $5K to $40K = Salary Deduction order (SDO), P-Note, 1 or 2 Guarantors and/or combination of Bill of Sale or Receivables.
  • $40K to $75K = Real Estate  and/or combination of Real Estate, Bill of Sale (Vehicles, Machinery, Equipment)

Note:

  • DFC provides loans on the strength of the Guarantor meaning if 1 guarantor is capable of securing a loan up to $40,000, then only 1 guarantor would be required.

WHY YOU SHOULD GET YOUR LOAN FROM DFC

  • We work with you and help your business through challenging times.
  • We Provide FREE Business Project Assessment (Save $1,000s)
  • Free Property Appraisal! (Save $100s to $1,000s!)
  • We are Honest and upfront with you! – No Hidden Fees!

Click here for the TOP 10 Reasons why you should choose DFC for your Business and Home Financing!

Provide some initial info and we will contact you to explore further.