Borrow up to $4 million from this CDFI or get connected to another nonprofit lender.

 

  • Best for startups and other businesses that have struggled to qualify for funding.
  • Pick something else if you want to compare costs with other lenders before prequalifying.

    $500

    Min. Amount

    $5,000,000

    Max. Amount

    Details

    Product Name Connect 2 Capital business loans
    Min. Amount $500
    Max. Amount $5,000,000
    Loan Term Up to 25 years
    APR Varies by lender
    Requirements For-profit business

    First, do I qualify?

    Connect 2 Capital doesn’t have any hard eligibility requirements, other than being a for-profit business. It specializes in funding for underrepresented business owners — such as women, minorities and veterans — though anyone can apply. It also focuses on funding businesses that would create jobs in their communities.

    What makes Connect 2 Capital unique?

    Connect 2 Capital works as both a direct CDFI lender and connection service, which can increase your chances of being approved for a loan. It offers a wider range of funding than you’d find with most business lenders and could be a particularly good option if you’re looking for a loan under $5,000.

    While it doesn’t advertise rates or fees, CDFIs traditionally offer more affordable financing than for-profit lenders. You can compare the costs of loans you might qualify for by filling out its quick prequalification form.

    Pros

    • Loans from $500 to $4 million
    • Both a direct lender and connection service
    • Startup funding available

    Cons

    • Not transparent about costs
    • You can only reach out by email
    • Other lenders might be faster

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *