About the Program

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.  

  • Working Capital Loans up to $150,000
  • 10 Year Term
  • Interest Rate of 6.25%*

*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.

Details of Offer

Loan Size: $5,000 - $150,000
Pre-payment Penalty: None
Term: 10 Years
Rate: *Variable, WSJ Prime +2.75%, Currently 6.25%
Fee: Up to 4% of loan amount, paid from loan proceeds
Legal Fee: Approx. $500, paid from loan proceeds
Security: Personal guarantee, and a lien on all business assets
Industry: Over 700 different industries, including restaurants, retailers and other service providers
Minimum 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

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Our Business is Small Business.
1370 S County Trl., East Greenwich, Rhode Island 02818   |   888-824-8873