Chautauqua Opportunities for Development, Inc. (CODI) offers the following loans:
Micro Business Loans
CODI’s newest installment loan product features loan amounts between $500 to $5,000, less paper work, quicker approvals and the option of being either secured with collateral or unsecured (no collateral). Loan terms are from 6 to 48 months with rates being Prime + 3% secured or Prime + 6% unsecured. These loans are available for both start-up and expansion business purposes such as working capital, equipment, inventory and marketing.
Term Loans
A term loan ranges from $1,000 to $50,000 based on the need of the business. Both Start-Up Businesses and Expansion Businesses can take advantage of these loans. They can be used for any business need such as the purchase of machinery & equipment, furniture & fixtures, marketing, advertising, real estate, inventory and more. Rates for term loans can be as low as the U.S. (Fed) Prime Rate (at time of closing) plus a margin of 2.00% fixed for the term of the loan.
Line of Credit Loans
These types of loans are based on the short-term needs of the business (usually 6-12 months). Whether for payroll during times of growth or uneven cash flow due to the seasonality of your business, a line of credit can sometimes be more useful to a business than a term loan.
Learn more about this resource at https://ChautauquaOpportunities.com/codi-products