If you own a healthy business with a solid customer base and want to add inventory, or purchase new equipment, or just need to fund growth, we can help. Through Proceed Business LoanSM, qualified businesses can quickly access $5,000 to $100,000 in short-term financing to support their long-term success.

• Generally easier to obtain than a traditional bank loan
• Interest typically less than that for a term loan or merchant cash advance
• A risk-adjusted, fixed interest rate based on business performance and not just the applicant’s personal credit score
• Fixed, automatic payments from your business bank account
• No need to change credit card processors (merchants)
• A 12-month repayment schedule

Eligibility for a Proceed loan depends, in part, on a business’ underlying performance—not solely on the personal credit score of the business owner. We look at growth, cash flow, credit card receivables and a number of other factors to assess eligibility.

• Have been in business for more than 1 year
• Have a physical location or storefront
• Generate revenue from at least 20 customers per month
• Maintain a separate business bank account that generally has an average balance of $3,000 or higher (contact us for state specific amounts)
• If applicant is a merchant business (accepting credit cards), has credit card transaction revenue above $3,000 per month (contact us for state specific amounts)

• Own at least 80% of the business
• Have a personal credit score above 620