Small Business Loan

About Our Small Business Loan

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.

Questions? Contact clientservices@hilltopmfi.org with questions or inquiries. 

About about our

Small Business Loan

Loan Amount Range:

$500 - $10,000

Fixed Interest Rate:

6% per annum

Term Length:

6 months - 24 months

Our

Eligibility Requirements

  1. Monthly income greater than $1,000
  2. No outstanding tax obligations
  3. Not undergoing bankruptcy proceedings
  4. Demonstrate the long-term financial benefit of proposed loan

The factors we consider in

Underwriting

  • Desired use of funds
  • Business revenues & expenses
  • Payment history
  • Income
  • Account balances
  • Character references

Our Loan Application Process

Click on the toggles below to learn more about each step.

Our process begins with you filling out some basic, personal information on our website, including employment and contact information.

An application that meets the entry requirements of our Monitoring Department is approved for the first stage of the loan process.

After pre-approval, we will arrange a meeting to collect documents and learn more about your business. Documents needed include tax returns, bank statements, and professional references.

Our underwriting process doesn’t focus on your credit score. Instead, we look at your desired use of funds, business financials, payment history, and other non-discriminatory sources of information to ensure the loan is the appropriate amount and fit for your business and our mission.

If all these steps are completed and approved by our board, the loan will be disbursed!

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