What kinds of loans are available?
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What kinds of loans are available?

Fast Track Loan: $5,000 – $25,000 – Need financial assistance in a hurry? Based largely on credit scores (minimum score of 640), the Fast Track Loan can be processed and funded within 3 business days with minimal application requirements, i.e., no...

How can loan proceeds be used?

Loan proceeds can be used for a variety of business purposes including: Working Capital Business Acquisition Equipment, Furniture and Fixtures Land and Building

What are the loan terms, interest rates and fees?

Terms can range from 1 to 25 years depending upon the useful life of the asset being financed. Typical terms are 1-5 years for working capital, 3-10 years for equipment and up to 25 years for real estate. Fixed, below-market rates are available. Interest rates are...

What are the eligibility requirements?

Must be a legally established for profit or non-profit business located in the Houston metropolitan area Satisfactory credit history and personal character Sound financial position and reasonable personal support for the project Reasonable assurance of repayment,...

How can I apply for a loan?

Persons interested in applying for an HBDi loan may submit an online application or print a copy of the application and submit it and all supporting documents to HBDi in person. Documents required for preliminary consideration include: Sources and uses of funds...