Small Business Loans
Flexible financing solutions for small businesses in low-income communities
Small businesses are the backbone of America
Small businesses are the backbone of America and are a vital part of the economy. Small businesses help the community by creating jobs and opportunities for individuals and families. With the current economic conditions, it's hard for small business owners located in low income communities with little or no credit to obtain a loan. We are a NOT Merchant Cash Advance company. People Trust is a Community Development Financial Institution (CDFI) loan fund.
About People Trust
PEOPLE TRUST is a Non-Profit 501 C (3) CDFI (Community Development Financial Institution) Loan Fund, certified by the U.S. Treasury Department CDFI FUND. People Trust primary purpose is to promote economic and community development by providing financial products and services coupled with developmental services to low and moderate income communities such as: (Loans, Grants), Financial Education and Technical Assistance, while empowering people to revitalize their communities by engaging them in making sense about issues that affect them through raising Public Awareness, Developing Dialogue, and promoting Active participation in community and economic development activities.
Our Loan Services
We offer easy accessible, safe, flexible low cost loans to small businesses located in low income communities who may not otherwise receive the opportunity. Most banks only look at the borrowers FICO score but fail to take a deeper dive due to various reasons. Most small business owners seeking loans serving low income communities require extensive technical assistance due to being underbanked or having no formal relationship with a tradition financial institution.
For the small business owners located in low income communities it is even harder to get a yes. According to www.bloomberg.com entrepreneurs are particularly vulnerable, as lockdowns slam the economy and federal aid fails to reach many of those most in need. People Trust interest rate on all loans is 10% with payback times up to 60 months and no less than 90 days.
10% Interest Rate
Affordable rates for small businesses
90 Days - 60 Months
Flexible repayment terms
Fast Response
Quick application processing
Trust & Security
When we say safe, we mean it! You don't have to worry about your information being shared or sold for bids or any other solicitation. People Trust understands the technical and financial needs of small businesses and we want to be the financial institution you turn to without hesitation. When a small business applies for a loan, it is important to have a financial institution that will respond fast! We are mission driven lenders and we want to gain your trust for all your small business development and lending needs. We won't give you the run around or waste your time, give us a call TODAY!
Get Started Today
For more information about how we can help you keep your business open or provide financial resources to help you grow and expand your business, call us today at 501-404-4857 or use our online contact form.