Join Our Email List!Your Business - Loan Program
Are you looking for money to start, expand, or buy a business?
Mountain BizWorks’ loan program is designed to help entrepreneurs succeed in business by getting them the money they need.
Mountain BizWorks’ lending is geared to financing a business when traditional bank lending may not be available. Mountain BizWorks’ loans, of up to $50,000, are structured to meet the borrower’s ability to pay. Conditions differ according to the business’ financing needs and include short term loans, lines of credit, and term loans up to five years.
Decisions are made in a timely manner and other services such as advice and counseling are also offered by Mountain BizWorks to provide a borrower support in making their enterprise succeed.
When reviewing a loan application, Mountain BizWorks considers the 5 C’s of lending.
(1) Cash Flow - a detailed estimate of how cash flows in and out of the borrower’s business.
(2) Collateral - the assets the borrower pledges in case of a repayment issue.
(3) Character - reference checks, credit report review, and explanation of a prior credit problem.
(4) Capital - also known as equity or net worth, this is sweat, money, and/or equipment that the borrower is putting into the businesses.
(5) Capacity - what is the borrower’s experience and/or background in their business?
For more information or to apply, please contact your Regional Director:
Northern Region (Asheville): Sharon Oxendine, email or 253.2834 ext. 28
Southern Region (Hendersonville): Jamie Beasley, email or 692.5826
Western Region (Sylva): Tonya Wilson Snider, email or 631.0292
