Will a MCNW Small Business Loan Work for You?

You are a qualified to apply for a MCNW business loan if you—

  • Are 18 years of age or older and a US citizen, permanent resident, or have asylum status
  • Live in Oregon or Washington
  • Have a credit score above 550, or no credit history (visit http://www.annualcreditreport.com for details)
  • Are not in active bankruptcy and have not filed Chapter 13 in the past year
  • Are current on all personal and business accounts for the past 12 months
  • Do not have any unaddressed, unpaid collections, tax liens, judgment, or child support
  • Are not in a business that involves speculative investment in real estate, stock or collectibles
  • Are below 100% of median family income for your household size and geographic area
    • MercyCorps NW
  • MCNW does not provide business loans for: business operating deficits, research and development, personal expenses, emergency situations, back taxes, or refinancing existing debt

If you have been in business less than one year, additional requirements include—

  • An alternate source of income or repayment (such as a job external to the business or a cosigner with income)
  • Personal investment in the business (equity, equipment, or significant “sweat equity”)
  • A loan request of $20,000 or less; loans over $20,000 are for existing, established businesses only

If you meet all the requirements above, continue on to see a list of documents you will need to complete a Loan Application

If you do not, please explore our other business development services: Seminars, Foundations Course, or Attend an Orientation to learn more