Apply For A Loan
Greenwood Archer Capital (GAC) provides financing to small businesses that do not have access to loans from traditional sources. GAC offers loans up to $100,000 for established businesses and start-up businesses, as well as loans up to $200,000 for black-owned businesses seeking to acquire owner-occupied commercial real estate.
Small Business Loans
The term of the loan can be up to 84 months and most loans are fully amortizing. GAC’s commercial real estate acquisition loan may have a different amortization period than its term to allow for smaller payments since that loan is a higher amount. All GAC loans carry with it a commitment fee ranging between 3% to 6% of the loan. Commitment fees may be added to the loan, requiring minimum out-of-pocket expense at the time of the loan funding, or can be paid outside of the loan funding.
Collateral is required for most loans; however, our program allows for flexible options. GAC may also request a cosigner in some cases. GAC does not charge prepayment penalties. Loan can be prepaid in part or in full prior to its maturity without incurring any additional expenses or fees.
Loan Application Checklist
Thank you for your interest in Greenwood Archer Capital’s loan program. In order to apply for financing, please provide the following information:
Individual tax returns for the most recent two (2) years (Please include all schedules)
Business tax returns for the most recent two (2) years (Please include all schedules)
Year-to-Date Profit & Loss Statement and Balance Sheet)
Paystubs for the last 30 days, if applicable
Bank statements for the last 4 months (Personal and Business)
Business Plan with projections, if in business less than 6 months
Do you have additional questions?
Please take a look at our frequently asked questions and answers by clicking on the following link – FAQ
Click below to begin the application process and apply for a loan.
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