Streamlined Financing for Small Businesses on the Fast Lane

HBDi’s Fast Track Loan Services offer a seamless and efficient funding option for small businesses with reasonable credit-seeking loans up to $25,000. Designed specifically for businesses in low to moderate-income areas within the Houston metropolitan area, this program provides a quick and hassle-free process to meet your immediate financing needs.

Eligibility

To qualify for our Fast Track Loan Services, your business must meet the following criteria:

• Minimum operating experience of at least one year.
• Location in a low-income area within the Houston metropolitan area.
• Employment of fewer than five employees.
• Minimum credit score of 640.
• Business activities that benefit and serve low to moderate-income citizens in the area.

Terms and Conditions

Our Fast Track Loan Services offer favorable terms and conditions to support your business growth:

• Loan amounts from $5,000 to $25,000 for your capital requirements.
• Enjoy a seven-year fully amortized term for comfortable repayment scheduling.
• Benefit from a competitive fixed interest rate of 9.50% for stability and predictability.
• A 5% prepayment penalty in the first year offers flexibility for early repayment.
• Management and technical assistance are provided alongside the loan for comprehensive support.
• While we welcome diverse businesses, certain types are ineligible for this program. This includes home-based companies, non-profits, religious institutions, sexual or liquor-oriented establishments, residential builders, investors, speculative real estate ventures, publishers, and broadcasters.

Other Program Features

Our Fast Track Loan Services offer simplified features for an enhanced borrowing experience:

• Use loan proceeds for equipment purchases, working capital, furniture, and fixtures.
• Swift underwriting process with a quick turnaround time, typically within 72 hours.
• Low monthly payments tailored to your cash flow and business operations.
• A $350 processing fee covers administrative costs for your loan application.
• Convenient automatic loan payments from your business checking account.
• Required documentation includes three months of bank statements, business tax returns, and financial statements.
• The evaluation process utilizes the Fair Isaac Credit Score System to determine loan eligibility by combining your credit score with industry data.