Small Business Loan

The Small Business Loan:

Our solution
Loans that provide equitable access to capital for our communities

This unique product provides access to small personal loans intended for business purposes, while helping entrepreneurs establish or improve credit history.

The Small Business Loan is a great opportunity for business owners who need working capital, equipment, or supplies but aren’t ready for financing from a traditional financial institution.

Ready to get started?

Sign up today for your free Discovery Meeting. This 30-minute session is focused on your story, mission, and goals, and how ASSETS can help you elevate and build your business.

*ASSETS is authorized to lend in the following Central Pennsylvania Counties: Lancaster, York, reading, Harrisburg, and Lebanon. If your business is located elsewhere, the Community Lending program is unable to assist you at this time.

Access to Several Benefits

  • Access to a Small Loan

    of $1,000 – $10,000 for your business

  • Increase Credit Score

    Build Your Credit with one-on-one credit counseling sessions

  • Peer Group Financial Management Support

    Access to monthly seminars through business-themed sessions

  • Technical Assistance

    Build social capital through ASSETS’ network

Want to Pursue a Loan with ASSETS?

Dive into the details of our loan process from beginning to end, and learn how to start the loan application process!

Take me there!  »
Some FAQs for you

How It Works

Who can participate?

Established small business owners, or start-up businesses who have participated in ASSETS’ Business Start-up Idea Incubator.

How to apply for a loan?

Begin the application process by scheduling a free Discovery Call to chat through your interests and needs.

How much will I get?

Small Business Loans range from $1,00o to $10,000, depending on the financial capability of the individual and their business standing. Credit requirements may apply.

How long is the commitment?

Small Business Loan terms may vary and are subject to change on a case by case basis. Currently, terms range from 12 to 24 months.

When will I receive the funds?

Funds will be distributed at loan settlement, after the business owner has completed the required documents and the loan has been approved.

What will be expected of me?

Small Business Loan borrowers have access to all of the Community Lending monthly workshops. Small Business Loan borrowers are required to attend a minimum of 9 out of the 12 available workshops for every year the loan is in repayment. Borrowers are also expected to make regular payments on their loan. Failing to do so will result in a late fee and a negative impact on your credit score.

How will my credit improve?

ASSETS reports participants’ payment history to a major credit bureau agency every month. Credit Counseling is also offered as a benefit of this loan.

What is the outcome?

Outcomes vary depending on the individual participant. Borrowers may decide to attend additional workshops than required or utilize individual coaching sessions with ASSETS team members to strengthen business skills and create positive financial history.

If borrowers attend the workshops, turn knowledge learned into action, make all loan repayments on time and work with the Community Lending team members, their credit and business performance will improve.

Did you know financial counseling is provided?

Financial counseling is provided to every borrower who receives a small business loan through ASSETS.

This includes monthly group meetings and individual financial counseling sessions with expert staff to create plans to improve personal credit and build business financial expertise.

ASSETS helps you get organized with your finances.They not only focus on the business, but they also focus on the individual, asking ‘are your finances in order?’ If stuff isn’t in order, they help you and have you sit down with a financial counselor. They’ve helped me to grow.

Yvette Maldonado, MEd, NCC, LPC

Owner of F.O.C.U.S. Counseling

Our Partners

Upcoming Trainings & Events

View all events »