This small lending program provides loans up to $35,000 to HCDC Business Center resident clients or graduates who have been located at 1775 or 1776 Mentor Avenue for at least 6 months. Under this program, the Business Center is able to make loans to qualified resident clients or graduates to further the development of their entrepreneurial ventures. Rates and terms depend on risk, rationale, and profitability of the business.
Client Loan Program Framework
|Applicants:||Must be a resident or graduate of HCDC’s Incubation Program for at least 6 months|
|Amount:||Up to $35,000|
|Terms:||30 days to 4 years|
|Interest Rate:||Short Term Notes (30 Days to 364 Days) – 5.25 %
Long Term Notes (1 Year to 4 Years) – 5.75 %
*Rates subject to change at any time