We have more than 25 years of small business technical experience
Small Business Loan Program
This small business loan program is a low cost flexible loan program for pre-revenue start-up and existing businesses that have working capital or start up budget needs. This loan program is especially helpful to those who are not able to access traditional bank financing. Loan funds are flexible and can be used for renovations, inventory, marketing, debt refinance, and working capital.
Small Business Express Impact Loan Program
This express loan program is for small businesses that need a quick capital infusion to meet working capital gap needs. This is flexible working capital up $15,000 for immediate and flexible use. Especially with rising costs of goods and services, small businesses can use this express loan to assist with vendor payments, debt refinancing or pay for increasing operating expenses.
SBA Community Advantage
This is an SBA guaranteed loan program for pre-revenue start-up and existing businesses that need to borrower a larger loan amount but lacks the traditional collateral to secure their loan. With the SBA guarantee, Renaissance is able to extend a larger loan to those who cannot access conventional bank loans.
Renaissance's minimum credit score criteria for a loan is 600. Before applying for a loan, please check your credit report with the three credit bureaus: Experian, Trans Union, & Equifax.
Yes, you can still get a loan. Renaissance is not a collateral lender. We do not focus on personal assets. Rather, we do require to file a UCC lien on all business assets if you receive a loan from Renaissance.
It depends. A business must demonstrate how they will become net positive if Renaissance is to provide them a loan. Renaissance will accept financial projections that are realistically reviewed to determine loan repayment ability.
Depending on the loan amount and the documents received from the business owner, that will determine the length of time to process your loan application with Renaissance. If your loan request is $15,000 or less, the average time to process your loan is two (2) weeks. However, if your loan is larger than $15,000, the average time to process your loan request is between two weeks - one month depending on how soon you can provide us with your business information and documents.
To set up a one (1) hour initial business consultation meeting. The meeting can be held in-person or virtual. In the one hour meeting, we will assess your capital needs and then determine which loan products will best suit your financial situation. Then, we will help you apply for that loan product and guide you through the entire loan process.
February 9, 2023
你想創業嗎? 但不知道哪種商業架構比較適合您的業務-獨資企業、合夥, C有限公司, 或是有限公司(LLC)? 振興商務服務中心特別邀請社區律師司法中心律師顧問講解: 紐約州小企業使用的常見商業架構類型的概述,並了解每一種類型的法律責任和稅務的優缺點。
Our business advisory team is available to assist you on a 1:1 basis to understand your specific business needs.
Please schedule an appointment below and an advisory team member will contact you on your preferred meeting time to meet via zoom or in-person.