Streamlined Business Loans

Loan Terms

Loan Amount

Up to $10,000

Interest Rate

4.50% Fixed

Fees

1% loan fee

Term Length

Up to 24-month repayment

Payments

First 2 payments Interest only; remainder Principal & Interest

Streamlined funding for small investments in business growth

These small-dollar business loans – with a simplified application process – allow you to invest in growing your business.

These business loans are great for:

  • Marketing, advertising, or branding
  • Inventory
  • Professional certifications or training
  • Hiring expenses
  • Promotional material creation
  • Trade shows or other promotional opportunity registrations
  • Equipment purchases
  • and more

Eligibility

To be eligible for a Streamlined Loan, all applicants must:

  • Have a minimum personal credit score of 660
  • Have a credit report showing no evidence of derogatory reporting within the past twelve months, no bankruptcy within the past 3 years, and no outstanding tax liens, judgments, or other derogatory public records
  • Have a business checking account and provide a recent bank statement showing no Non-sufficient funds (NSF) or overdraft (OD) activity
  • Have a current business license

For loans over $5,000, applicants must also:

  • Have no operating losses reflected on prior year business tax return
  • Provide a personal guaranty of owner, if applicable

Ready to get started with WEV’s Funding Process?

Fill out an interest form to access the Streamlined Loan application.

If all requirements are met, funding can take place within 48-72 hours of WEV’s receipt of completed application package.

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"It’s great to be able to offer access to quick, inexpensive funding to help small businesses with things like inventory and working capital. Clients love the fast, easy process."

Marni Brook, WEV Director of Funding