URBAN BUSINESS INSTITUTE
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Startup Capital

​Term Loan

Just like a traditional bank loan, with a traditional-term business loan, you are lent a set amount upfront, which you pay back (along with fees) over a set period of time.
Maximum Loan Amount
$5,000 - $5 million

Term
5 - 25 years

Interest Rates
Starting at 6.5%

Speed
As little as 3 weeks

Equipment Financing

With equipment financing, the lender will upfront you cash to help purchase the equipment outright. You then pay back the total amount lent, plus fees, for a set period of time.
Maximum Loan Amount
Up to 100% of equipment value

Term
Expected life of equipment

Interest Rates
8 - 30%

Speed
As little as 2 days

Business Line of Credit

With a business line of credit, a financial institution gives you a credit limit, or a maximum amount of capital you are able to draw on at any given time. Just like a credit card, you only pay interest on the amount you use.
Maximum Loan Amount
$10,000 to over $1 million

Term
6 months to 5 years

Interest Rates
7 to 25%

Speed
As little as 1 day

Invoice Financing

Invoice financing allows you to sell your invoices to a lender, who will then upfront you a large majority of the invoice amount, holding a remaining percent (usually 20%) until the invoice is paid.
Maximum Advance Amount
Approx. 50 to 90% of the total invoice amount.

Term
When customer pays the invoice, you receive the remaining 10-50% reserve amount, minus the fees.

Factor Fee
Approx. 3% + %/wk outstanding

Speed
As little as 1 day

Short-Term Loan

With a short-term small business loan, you are lent a set amount upfront, which you quickly pay back (along with fees) over a short period of time.
Maximum Loan Amount
$2,500 - $250,000

Term
3 - 18 months

Interest Rates
Starting at 10%

Speed
As little as 1 day

​Merchant Cash Advance

Merchant cash advances are not your typical small business loan. With an MCA, financing companies upfront you a set amount of cash and then you repay this advance (plus their fee) with a set percent of your daily credit card sales.
Maximum Advance Amount
$2,500 - $250,000

Term
Automatically deducted each day through your merchant account

Factor Fee
1.14 - 1.18

Time to Funding
1 week

Small Business Startup Loan

Our three startup loan products can help your young business get the capital needed to grow. These three products (business credit cards, business line of credit, and equipment financing) are a more traditional form of startup capital and a great option if you have a strong personal credit score.
Maximum Loan Amount
$150,000

Term
6 months to 4 years

Interest Rates
7.9 - 19.9%

Speed
As little as 2 weeks

Personal Loan for Business

A lot of people don’t know that you can actually use a personal loan for business purposes. Personal loans are especially helpful for new businesses that don’t have a long financial history to show lenders. Personal loans can often have lower interest rates than some business loans, making it a great option for young companies looking for financing to grow their business.
Maximum Loan Amount
$35,000

Term
3 to 5 years

Interest Rates
5.99 - 36% APR

Speed
As little as 1 day
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Center for Black Entrepreneurial Development  
(Atlanta Metro Area) 
3300 Holcomb Bridge Road, Suite 290, Peachtree Corners, GA 30092
770-850-9949
Copyright 2023 Urban Business Institute. All Rights Reserved.

PRIVACY NOTE
  • Home
  • About Us
  • Training
    • register
  • Funding
    • Funding Options
    • Funded
  • Build Your Business
  • Contact Us