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Small Business Catalyst Fund

In partnership with Fifth Third Bank and Community Reinvestment Fund, USA we introduce the Small Business Catalyst Fund. —an innovative program that connects entrepreneurs with flexible funding options tailored to the unique needs of small businesses in local communities.

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loan terms

  • Eligible Business: For-profit small businesses with a maximum annual revenue no greater than $10 million
  • Interest Rate: 7.5% fixed interest
  • Use of Funds: Working Capital; Capital Assets Acquisition and Debt Refinance (to be paid directly to creditor)
  • Loan Term: 60 months term
  • Fees:  1% closing fee and related third party fees

requirements

  • Locations: Eligible businesses must operate within Florida, Georgia, Michigan, North Carolina, Illinois, Indiana, Kentucky.
  • Have fewer than 50 employees
  • Have an annual revenue of $10 million or less
  • Have been in business for at least one year prior to the date of application
  • Demonstrate the ability to repay the loan through cash flow

flexible spending

  • Working Capital
  • Capital Assets Acquisition
  • Debt Refinance (to be paid directly to creditor)
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