Kabbage- This non-traditional lending option might be at a 5% interest, so a bit higher but if they are still funding it is worth a try.
Nav- This non-traditional lending option might be worth a try.
Accion- This non-traditional lending option might be worth a try. They have an emergency capitol option too. They are focusing on Illinois Small Business Emergency Loan program which has very favorable terms (3% fixed interest rate, 0 payment for first 6 months, 5 year term) and minimal requirements including a 500+ credit score and 1 year in business.
The only documents required are: Q4 2019 business bank statements, a voided business check, plus any ID verification.
Fair.com even has an Impact calculator for you to determine staff costs, weather to furlough/layoff or just reduce hours.
LEND- A local small business lender (who aided See Jane Sparkle when I first opened) is another option outside of the SBA world.
LEND is a student-run, micro-finance organization that empowers entrepreneurs and by partnering with Northwestern University and the local businesses they offer micro loans.
Welcome to the New Era of Networking
Virtual Survive & Thrive Series with PJ Weiland of ActionCOACH Fri., April 10th to Fri., April 10th
Mon., April 13th to Fri., April 17th
9 AM - 9:20 AM
A complimentary 20 min. webinar series for t
he next 10 days to start
the day with a plan to weather the storm!
Virtual Information Series: 'Greening Your Business' BYOL-bring your own lunch Hal Sprague from Citizens' Greener Evanston
Erlene Howard from Collective Resource, Inc. will share their expertise! Wed., April 22nd
12 PM - 1 PM Join the Zoom at Noon
Virtual EWIB Evanston Women in Business BYOL-bring your own lunch Thurs., April 23rd
12 PM - 1 PM
Debbie Pickus from Team Fireball will share her expertise!
11:30 AM grab your chair and a bite to eat and let's open network Join the Zoom at Noon