Building the next generation of Latino Entrepreneurship.
MISSION
CRESER Capital Fund will accelerate access to capital and unlock the Latino economic growth engine’s force to promote the development and advancement of Latino (a) small businesses to power the next generation’s future.
CRESER Capital Fund loans are designed to help startups, newly founded small businesses in underserved communities, such as minority-owned and women-owned business owners, and individuals who live in low to moderate-income areas.
PROGRAM INFORMATION
The loan process begins when a completed and signed loan application is submitted with all required documents. A complete loan application goes through processing, underwriting, and final approval. Once the loan is approved, the applicant must return the signed loan disclosure agreement before the loan agreement documents are sent to the applicant (s) for approval and signature. When signed loan agreement documents are received by Creser Capital Fund. The funding of the loan is authorized based on the approval instructions. The loan proceeds are disbursed to the applicant (s).
Anyone with 20% or more ownership of the business must fill out a loan application.
Lending Limits:
CRESER Capital Fund offers small business loans from $5,000 to $50,000 with twelve to sixty months repayment terms. No prepayment charges are associated with early payoff. CRESER Capital Fund may require a co-signer or guarantor in some cases.
Loan Funds can be used for the following business purposes:
- Business Acquisition/Expansion
- Facility & Improvements
- Marketing & Promotion
- Payroll
- Equipment & Machinery
- General Working Capital
- Supplies
- Fixture & Furniture
- Inventory
- Website Development
Required Loan Documents:
Gather personal and financial documents before filling out your application. All required documents must be uploaded when completing the Loan Application. Additional documentation may be requested as needed.
Providing accurate and comprehensive information will help expedite the application process.
Business structure – Sole proprietorship, LLC Articles of Incorporation, Partnership, etc. (All applicable items)
Business Licenses and Permits
Business Plan (Website information, products – services pricing, projections)
General Liability Insurance
Workers Compensation Insurance
Business Taxpayer Identification Number Federal and State
Business/Personal Bank Account Statement (Last three months, all pages)
Business Revenue Reports
Business/Personal Tax Returns (Last two years, all pages)
Proof of ownership
ALL LOANS ARE SUBJECT TO CREDIT APPROVAL
Apply through our link
Build a credit history
When you apply for credit the creditor will check your credit history. If you have consistently made your credit payments on time it will help you establish your credit history and strengthen your credit score. The creditor will take that into account when evaluating you for a loan. This can make a difference in whether you are approved for the loan. Click here to learn more about credit
Building the next generation of Latino Entrepreneurship
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