PE's Fast Track Program offers larger loan amounts to entrepreneurs that have been in business for a year or more. While offering a more flexible time commitment than PE's Peer Program, it still provides entrepreneurs with the support of other entrepreneurs.
Is Fast Track right for me?
Have you been in business for more than one full year?
Do you have sales revenues of at least $5,000 over the past year?
Do you lack credit history and collateral needed for commercial loans?
Do you need up to $3,000 to get your business to the next level?
Do you have formalized record keeping (ex. tax records, keep ledgers)?
Do you have a business bank account?
If you answered YES to ALL of these questions, the Fast Track is right for you!
Features
First loan is up to $3,000, additional levels up to $12,000.
No collateral required
Credit history is not determining factor
Flexible loan terms: 6-months. 12-months or 18-month repayment plans
Benefits
Access to capital to expand your business
Larger loan amounts and less time requirements than PE's Peer Lending Progrm
Opportunity to network with other business owners
Ongoing technical assistance from PE staff
Access to PE partnerships including business counseling, credit unions, pro bono legal services
Automatic payment deductions from business bank account to save you time