Small Business Loans
PeopleFund provides loans to small businesses, community organizations and affordable housing ventures in Austin and Central Texas. Through our small business lending program, PeopleFund responds to the needs of the community with flexible loans, training and education.
PeopleFund is the leading non-profit small business lender within Austin and Central Texas. PeopleFund responds to the needs of the community with flexible loans, training and education to small businesses, community organizations and affordable housing ventures.
Key Benefits of PeopleFund Loan Products:
- Low down payment or equity contribution
- Flexible underwriting
- No pre-payment penalties
- Supportive staff that will assist with guidance and training to facilitate success.
Through loans and services, PeopleFund helps entrepreneurs strengthen their business and contribute to the economic revitalization of their communities.
Term Loans
- Loan Amount: $20,000 up to $200,000 (Qualified Existing Ventures)
- Interest Rates: 8% to 13%
- Term of Note: up to 5 Years (With Amortizations up to 15 Years)
- Fees: 2% of loan at closing plus fees for legal documents, credit checks, and other ancillary fees
Commercial Real Estate Loans (East Austin Only)
- Loan Amount: $20,000 to $200,000
- Interest Rates: 8% to 10%
- Term of Note: 5 year balloon with amortization schedules up to 25 years
- Fees: 2% of loan at closing plus fees for legal documents, credit checks, and other ancillary fees
Revolving Lines of Credit
- Loan Amount: $20,000 to $200,000 (Qualified Existing Ventures)
- Interest Rates: 10% to 13%
- Term of Note: Up to 18 Months (Renewable at End of Term)
- Fees: 2% of loan at closing plus fees for legal documents, credit checks, and other ancillary fees
