Comments on Funding:
– up to $10,000 for Micro Loans, repayable over 36 months;
– between $10,000 and $300,000 for Standard Business Loan Program. Currently the business interest rate is 7% including life insurance. All LAMBAC business loans are open and can be re-paid without penalty at any time.
The applicant must:
Applicants must complete and submit the application form and supporting documentation.
Existing businesses must submit:
Applicants with approved loans, will be expected to supply / comply with some or all of the following, depending on their particular applications: