Small Business Loan

The Small Business Loan:
$1,000–$10,000

Our solution
Credit-building microloans for established small business owners

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, in-person 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.

Sign up for your free 30-minute Discovery Meeting

Complete the form below to get started!

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The Gateway to Several Benefits

  • Access to a Small Loan

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

  • Increase Credit Score

    with a credit-building action plan

  • Peer Group Financial Management Support

    through monthly business workshops

  • Technical Assistance

    through one-on-one financial counseling sessions

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 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

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May 14

#SheOwnsIt Forum

May 14 @ 5:30 pm — 8:30 pm
Jun 11

Business 101: Get Lean

June 11 @ 5:30 pm — 7:00 pm