Although essential for thriving communities, small businesses and nonprofit organizations experience particular challenges with accessing capital to build their operational capacity or expand. CFE is dedicated to closing this financing gap. Entrepreneurs and nonprofit leaders can turn to us for term loans and lines of credit, plus technical assistance.
Borrowers often reach out to CFE when a bank deems them too risky for a loan because of a sparse credit history or because they need support with creating financial statements or business plans. This is precisely when our partnership begins. CFE spends hours with each borrower, assisting with pulling together the needed financial and business planning documentation. We’ll pour over the numbers together, eager to understand the vision and how we can help make it a reality
Personal Credit Score: n/a Months Financial Statements: 24 months
Business Credit Score: n/a Years in Operation: 2+
Personal Guarantee: Yes Annual Revenue: Depends on financing need
Collateral: Depends on financing need, but typically require first lien on assets, which could include real estate, large equipment, receivables, etc.
Other: EIN, current bank statements, certificate of good standing with jurisdiction where company is registered