Small Business Loans
The Hilltop Microfinance Initiative’s Small Business Loan provides D.C. area low-income entrepreneur with small, low-cost loans to grow their businesses. The aim of the loan product is to support financially individuals who do not have access to capital in the formal banking system and help them grow their businesses into sustainable, long-term community pillars.
Product Details:
- Loan size: $2,000 – $12,000
- Interest Rate: 10%
- Term: One year
Hilltop Microfinance Initiative believes that our Small Business Loans deliver the most impact to our clients and the community when we invest in value-adding projects. HMFI evaluates loan applications using an underwriting process that weights the sustainability of a client’s business, their personal financial health, and their personal credit history to determine eligibility.
Eligibility Requirements:
- Candidates should have a monthly income greater than $1,000
- Candidates should not have outstanding tax obligations and cannot be undergoing bankruptcy proceedings
- Candidates should exhibit general signs of credit worthiness
- Candidates should demonstrate the feasible long-term financial benefit of proposed loan
HMFI works closely with clients through every phase of the Small Business Loan, assisting them with filling out the loan application, understanding the underwriting process, setting a feasible repayment schedule, and evaluating the success and impact of the loan.
If you are interested in our Small Business Loan, please fill out our client intake form and one of our representatives will contact you within 24 hours of submission.
Small Business Loan Intake Form
If you have any other questions, please contact us by email (info@hilltopmfi.org) or by telephone (202-505-4634). We look forward to working with you to best meet your needs.
