FAST FINANCING
Flexible, Fast Funding for Your Business
Harness the opportunities at hand. Our new High Gear loan lets you get up to $20k with approvals in 3 business days or less. For existing businesses only.
High Gear Loan
We are happy introduce our new loan product to help entrepreneurs take advantage of unique, time sensitive opportunities.
Not only does this loan product provide the WNC thriving business community with another layer of financial support, but it also means that local small businesses and entrepreneurs can unlock the capital they need quickly. As a result, they have the opportunity to expand quicker and become more agile to emerging opportunities in and around the region.
Benefits Include:
- Loan decisions within 3 business days
- Transparent terms with no hidden fees
- Streamlined online application process
- No credit score minimum*
- Reduced collateral requirements
- Reduced financial documentation requirements
- No prepayment penalty
*Credit history is considered
Approval Within 3 Business Days
We have designed this loan process to be as easy as possible. Once the online application is complete, a Mountain BizWorks lender will provide a decision within the first three business days and funds will be scheduled shortly after.
Step 1
Apply Online
Step 2
App Review
Step 3
Funding
What to prepare before you apply
- Profit and Loss Statement – Current YTD
- Balance Sheet – Current YTD
- Most recent business tax returns (1 year)
- Business checking account statements (3 months)
- Copy of unexpired photo ID (ex. Driver’s License)
- Proof of residential address (utility bill, mortgage statement, lease agreement, etc)
- Proof of business address (if applicable)
FAQ
Please see our service region here.
Eligibility
- For-profit established businesses
- At least one full year of operating history
- Based in 26 WNC Counties
Use of Funds
- Working Capital
- Equipment
- Debt Consolidation
- Leasehold Improvements
Loan Terms
- 3 year term
- 8.75% interest rate
- Up to $20k
- 2% fee
- Personal guarantee
- Secured by business assets
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