Small Business Micro Loans
“Mercy Corps Northwest gave me a loan at the worst economic times. If they hadn’t given me a loan, who knows where I would be. Packing Pearls would probably just be an idea, a product stuck on a shelf somewhere.”
- Joanna Guzetta,
Four Seasons Container Gardens
Mercy Corps Northwest can help you grow your business. We work with small business owners who may not qualify for traditional loans. We also offer educational services to help you apply for a loan and build a successful business.
Questions: See FAQ
- Loan Amounts:
$500 up to $20,000: New Businesses (open less than 1 year)
$500 up to $50,000: Existing Businesses (open longer than 1 year)
- Repayment Terms:
2 months to 5 years
No penalty for early repayment
- Loan Fees:
8-12% Fixed Rate
- Credit-building potential:
Loan payments are reported to the three credit reporting agencies
Typical uses of small business loans
- Capital goods such as equipment and fixtures
- Business vehicles
- Upgrades and repairs
- Goods and materials for expansion
- Other uses may be considered as well
We offer more than money to grow your business
Mercy Corps Northwest is a Small Business Administration Intermediary Microlender.
Our clients benefit from an array of training, consulting and networking opportunities.
- Key advice and mentoring
- Small business classes
- Seminars on key business topics
- Credit repair guidance
- Business financial planning—forms and information
Mercy Corps NW is funded in part through a cooperative agreement with the US Small Business Administration (SBA) All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA.