Loan Terms:
- Must be located in West Virginia
- $25,000 desired
- Maximum amount of loan will be two months of average business revenue or $25,000 whichever is less
- 3% APR - 60 month term with first payment deferred for 6 months
- No collateral requirements
Other information:
- Priority will be given to applicants that have not received PPP or EIDL funding; businesses that received these funds will still be considered but bank verification is required.
- $200 closing fee (can be deducted from the amount of the loan)
- From application to closing, the process is completely contactless