• Oct 02, 21
• spencergregory
• Revolving Loan Fund Directory
• 0 comment

PeopleFund provides seven flexible loan programs to Texas small businesses, non-profit organizations, and affordable housing ventures throughout the state of Texas.

Small Business Loans – Loan Amount: $5,000 to $250,000 – Interest Rates: 7.5% to 15% – Term of Note: up to 7 Years Loan Access Program – Loan Amount: up to $50,000 (must have 2 years in current business) – Interest Rates: client pays a non-refundable 7% of principal to enroll – Fees: No closing costs Real Estate Loans for Small Businesses – Loan Amount: $20,000 to $250,000 – Interest Rates: 7.5% €“ 15% – Amortization: Up to 25 years – Down Payment: As low as 10% Green Loan Fund – Loan Amount: $5,000 to $250,000 – Interest Rates: 1% interest rate discount for qualifying green fund loans – Term of Note: Up to 7 years Texas Heroes Loan Fund – For Texas residents who have served in the armed forces (Reserve and National Guard veterans eligible) – Loan Amount: up to $100,000 – Interest Rates: 1.5% interest rate discount for qualifying veterans Revolving Lines of Credit – Loan Amount: up to $100,000 – Interest Rates: 7.5 €“ 15% – Term of Note: Up to 18 Months (Renewable at End of Term) – Fees: closing fees apply Factoring of Accounts Receivable – For businesses with contracts that have performed services but not paid, PeopleFund will purchase invoices and advance partial funding of 75% to 90%.

– Term: Typically 30-90 days



Contact Information
PeopleFund
Address: 2921 East 17th St., Bldg. D, Suite 1
City: Austin
State: Texas

Website: http://peoplefund.org/loans/

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