Women in business face unique challenges. Independence Bank's Loans 4 Women Program is the solution to meeting your business's financial challenges. The Loans 4 Women Program is designed by women for women because it takes a woman to understand the juggling act needed to meet all the daily demands in a woman's life. Let Independence Bank assist you in meeting the financial demands of business.
*Loans have a variable rate of the WSJ Prime Rate +2.75%. The current WSJ Prime Rate is 3.50% and is subject to change. The monthly payment amount is based on the current variable rate.
Loan Size: $5,000 - $150,000Pre-payment Penalty: NoneTerm: 10 YearsRate: *Variable, WSJ Prime +2.75%, Currently 6.25%Fee: Up to 4% of loan amount, paid from loan proceedsLegal Fee: Approx. $500, paid from loan proceedsSecurity: Personal guarantee, and a lien on all business assetsIndustry: Over 700 different industries, including restaurants, retailers and other service providersMinimum Credit Score: 640
Loan Examples:$50,000 10 years, 6.25% Interest = $561.40/month$100,000 10 years, 6.25% Interest = $1,122.80/month$150,000 10 years, 6.25% Interest = $1,684.20/month