Quick Flex Loans
In today’s fast-paced business world, you are often face unexpected expenses that can hinder their growth. But there’s a powerful solution! Quick Flex Business and Nonprofit Loans are designed to transform your financial situation and help you thrive. Tailored specifically for the unique needs of your business, these loans offer the flexibility you need to succeed.
The Quick Flex Business and Nonprofit Loans allow customers to:
- Quickly apply for a Line of Credit (LOC) or Term Loan, with a maximum loan amount of $25,000
- Simply fill out a one-page form*
- Business Loans (additional documentation) - Most recent Schedule C from Personal Tax Return (if applicable).
- Nonprofit Loans (additional documentation) - One year business financials or budget
- Pay no loan fees
- Receive a decision by the next business day or even sooner
- Required to have a People’s Bank Business Checking account to make monthly automatic payments
Pricing:
- Revolving 12-month LOC or 5-year Term Loan up to $25,000 secured by a blanket UCC filing on all business assets.
- 12-month LOC at WSJ Prime + 4%. Floor 5%.
- 5-year term loan at WSJ Prime + 4% at time of loan closing fixed for 5 years.
- $10,000 12-month LOC or 5-year term loan = 1 year in business
- $20,000 12-month LOC or 5-year term loan = 2 years in business
- $25,000 12-month LOC or 5-year term loan = over 2 years in business
*Additional credit requirements apply.
If you choose to use the provided application, we recommend that you deliver it directly to your banker to ensure confidentiality. If you need to send the application via email, please use a secure email service to protect your information. Your safety is our top priority.
We appreciate your trust in us and are committed to safeguarding your personal information while helping you achieve your financial goals. If you have any questions or need assistance, please don’t hesitate to contact your local branch or reach out to us directly. We look forward to partnering with you every step of the way.