AmPac is Seeking to Turn Your Loan No’s Into a YES
AmPac provides support for small businesses seeking to scale in the Inland Empire. Businesses with a strong business plan for pivoting in the pandemic, two years of business history, business financial statements that are showing positive trends are great candidates for the AmPac Micro Loan Program.
The AmPac Micro Loan is ideal for:
Interest rates and terms depend on the funding source, borrower, credit, and overall business strength.
Collateral (or security) will be determined on a case-by-case basis. Potential borrowers should know that the SBA requires sufficient collateral to secure each loan. If assets are purchased, a first lien will be fixed. In all loans, the personal guarantees of the principal owners of the small business concern will be required.
Technical assistance is available to clients who participate in the AmPac Micro Loan Program during the life of the loan. The assistance is designed to help micro-entrepreneurs obtain additional tools needed to operate their business successfully. MicroLoan borrowers will be
required to complete a free business training session conducted by the lender.