Loan Description: Business Loan

Addresses small businesses and start-ups need for capital when traditional lenders are unwilling to take on the risk. HFLA’s 0% interest loans enable businesses to meet demand and grow their company.

Important things to know:

  • Loan applicants must be businesses located in Northeast Ohio that are unable to obtain the money from a conventional lender or other sources.
  • The maximum loan amount is $10,000.
  • Each owner of the company having a 20% or more interest, shall guaranty the loan.
  • Additional collateral may be requested at the discretion of the loan committee/board (Cost associated with filing a security interest in favor of HFLA is borne by the Borrower).

Learn more: How to Apply

Download application below.  

Download Business Loan Application

Featured image: Businesses Loan Recipient, Angela and her daughter; Owner of PipeNHot Grill.