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Pages tagged "Small Business Loans"


Business Loans

Posted by Omar Velasco · March 08, 2023 5:58 PM

AT LEDC YOU CAN ACCESS A FAIR LOAN, EVEN WITHOUT A SOCIAL SECURITY NUMBER AND EVEN IF YOUR BUSINESS HAS NOT STARTED OPERATIONS.

Start your loan application here


preaplicacion prestamo

Click on " Start your loan application here " and fill out the form to tell us about your business and financing needs. This step takes 5 minutes and has no cost.

Solicitud de documentos

You will receive an email with instructions to provide the required documents and additional information. If you need help or do not receive any email you can contact a [email protected]

Desembolso

Once the review process has been completed and the loan is approved, we will contact you to fill out the closing documents and make the disbursement. 

Asistencia Técnica

We want your company to continue growing, that's why LEDC provides free business advice and permanent training for its customers. 

 


Start your loan application here

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FREQUENTLY ASKED QUESTIONS

WHAT ARE THE REQUIREMENTS TO APPLY?

You must complete the pre-application with the basic information about your financing needs, and then complete the application attaching documents that allow you to demonstrate the income of the business and / or personal income, a minimum credit score is not required but willingness to pay must be evidenced for most financial obligations.

Depending on the amount requested, the applicant's credit history and the number of years of operation of the business, there may be additional requirements such as presenting a guarantee with a value of at least 25% of the value of the loan. Normally, this is the list of requirements for each type of loan.

Up to $2,500.

  • 3 months of bank reports of the business and / or personal

Up to $5,000

  • 3 months of bank reports of the business and / or personal. Last year business and/or personal tax return.
  • Declaración del último año de impuestos del negocio y/o personales

Up to $10,000

  • 6 months of bank reports of the business and / or personal
  • Personal Tax Return for the Last Two Years

Up to $250,000

  • 6 months of bank reports of the business and / or personal
  • Personal Tax Return for the Last Two Years
  • Collateral for at least 25% of the loan and/or co-signer
  • Financial Statements of the Business and/or Business Plan.

For all applications it is necessary to present an identity document and complete both the pre-application and the final application where all documents are attached.

CAN I ACCESS A LOAN WITH ITIN?

Yes, it is possible to access credit using your ITIN and an identity document that allows you to verify that your place of residence is MD, VA, DC or Puerto Rico.

HOW LONG DOES IT TAKE TO GET THE LOAN APPROVED?

Once the application is completed by providing all the documents, the loan will be approved in approximately 2 weeks if the amount is less than $50,000 or up to 4 weeks if it is greater than this amount.

IS A MINIMUM CREDIT SCORE REQUIRED?

No minimum credit score is required. At LEDC we understand that we all go through situations that can affect our credit score and we are willing to analyze each situation to give people the opportunity to demonstrate their willingness to pay their debt obligations.

¿IS A GUARANTOR OR COSIGNER REQUIRED?

For loans over $10,000 it is required to present a guarantee or collateral for an estimated commercial value of at least 25% of the value of the loan. If you do not have collateral, your case can be analyzed and you can provide a co-signer or evaluate if you are eligible for a loan guarantee program that usually has an associated cost.

WHAT IS THE DIFFERENCE BETWEEN LEDC AND A TRADITIONAL BANK?

LEDC is a Community Development Financial Institution or CDFI (Community Development Financial Institution), our goal is to help people and entrepreneurs who for different reasons cannot access traditional financing. Some specific aspects that differentiate us from traditional banking institutions are:

  • We provide capital to new businesses
  • We do not require a minimum credit score
  • We do not require a minimum amount of sales or revenue
  • We have loan options that do not require collateral or a co-signer
  • Our interest rates are not indexed to Federal Reserve interest rates
  • We do not charge penalties for prepayment of loans.
  • We focus on serving low- and moderate-income communities, minority communities and have special programs for women businesses.

 

IN THE VIDEO BELOW, LEARN WHO WE ARE AND WHAT ENTREPRENEURS WE HAVE SUPPORTED.

Start your loan application here


Préstamos Semilla Para Pequeños Negocios

Posted on Blog by Omar Velasco · February 13, 2023 8:41 AM

Desde LEDC, queremos explicarle como funcionan los préstamos semilla para pequeños negocios, contrastados con otros préstamos comerciales para pequeños negocios. 

Read more

Préstamos para negocios

Posted by Omar Velasco · January 16, 2023 11:40 PM

En LEDC puedes acceder a un préstamo justo, incluso sin número de seguro social y aún si tu negocio no ha empezado operaciones.

Inicia tu aplicación de préstamo aquí


preaplicacion prestamo

Haz clic en " Inicia tu aplicación de préstamo aquí " y diligencia el formulario para contarnos acerca de tu negocio y necesidades de financimiento. Este paso toma 5 minutos y no tiene ningún costo. 

Solicitud de documentos

Recibiras un correo electrónico con las instrucciones para proporcionar los documentos requeridos e información adicional. Si necesitas ayuda o no recibes ningun correo puedes contactar a [email protected]

Desembolso

Una vez se haya completado el proceso de revisión y aprobado el préstamo te contactaremos para diligenciar los documentos de cierre y hacer el desembolso. 

Asistencia Técnica

Queremos que tu compañia siga creciendo por eso LEDC provee asesoría de negocios sin costo y capacitaciones permanentes para sus clientes. 

 


Inicia tu aplicación de préstamo aquí

PREGUNTAS FRECUENTES

¿Cuáles son los requisitos para aplicar?

Se requiere completar la pre-aplicación con la información básica sobre las necesidades de financiamiento y posteriormente completar la aplicación adjuntando documentos que permitan demostrar los ingresos del negocio y/o los ingresos personales, no se requiere un puntaje de crédito mínimo pero debe evidenciarse voluntad de pago para la mayoría de obligaciones financieras.

De acuerdo a la cantidad solicitada, al historial de crédito del aplicante y al número de años de operación del negocio pueden haber requisitos adicionales como presentar una garantía con un valor al menos del 25% del valor del préstamo. Normalmente, este es el listado de requisitos para cada tipo de préstamo.

Hasta $2,500.

  • 3 meses de reportes bancarios del negocio y/o personales

Hasta $5,000

  • 3 meses de reportes bancarios del negocio y/o personales.
  • Declaración del último año de impuestos del negocio y/o personales

Hasta $10,000

  • 6 meses de reportes bancarios del negocio y/o personales
  • Declaración de los dos últimos años de impuestos personales

Hasta $250,000

  • 6 meses de reportes bancarios del negocio y/o personales
  • Declaración de los dos últimos años de impuestos personales
  • Colateral por al menos el 25% del préstamo y/o co-deudor
  • Estados Financieros del Negocio y/o Plan de negocio

Para todas las aplicaciones es necesario presentar un documento de identidad y completar tanto la pre-aplicacion como la aplicación final donde se adjuntan todos los documentos.

¿Puedo acceder a un préstamo con ITIN?

Si es posible acceder a crédito usando su ITIN y un documento de identidad que permita verificar que su lugar de residencia esta MD, VA, DC o Puerto Rico.

¿Cuánto se demora en estar aprobado el préstamo?

Una vez se complete la aplicación proporcionando todos los documentos, el préstamo será aprobado aproximadamente en 2 semanas si el monto es inferior a $50,000 o hasta 4 semanas si es superior a esta cantidad.

¿Se requiere un puntaje mínimo de crédito?

No se requiere un puntaje de crédito mínimo. En LEDC entendemos que todos pasamos por situaciones que pueden afectar nuestro puntaje de crédito y estamos dispuestas a analizar cada situación particular para darle a la personas de demostrar que tienen voluntad de pagar sus obligaciones.

¿Se requiere fiador o cosigner?

Para prestamos superiores a $10,000 se requiere presentar una garantía o colateral por un valor comercial estimado de al menos 25% del valor del préstamo. En caso de no contar con colateral, se puede analizar su caso y puede proporcionar un co-deudor o evaluar si es elegible para algún programa de garantía de prestamos que normalmente tiene un costo asociado.

¿Cuál es la diferencia entre el LEDC y un banco tradicional?

LEDC es una Institución Financiera para el Desarrollo Comunitario o CDFI (Community Development Financial Institution), nuestra meta es ayudar a las personas y emprendedores que por diferentes razones no pueden acceder a financiamiento tradicional. Algunos aspectos concretos que nos diferencian de las instituciones bancarias tradicionales son:

  • Brindamos capital a negocios nuevos
  • No requerimos un mínimo puntaje de crédito
  • No requerimos un monto mínimo de ventas o ingresos
  • Tenemos opciones de préstamo que no requieren colateral o co-deudor
  • Nuestras tasas de interés no están indexadas con las tasas de interés de la reserva federal
  • No cobramos penalidades por pago anticipado de los préstamos.
  • Nos enfocamos en atender comunidades de ingresos bajos o moderados, comunidades minoritarias y contamos con programas especiales para mujeres emprendedoras.

 

En el siguiente video, aprende quiénes somos y qué emprendedores hemos apoyado.

Inicia tu aplicación de préstamo aquí


$7.5MM in Concessionary Loans Deployed During COVID-19

Posted on Blog by Ledc · August 05, 2021 1:34 PM

LEDC has deployed 456 loans totaling over $7.5 million since March 2020. Eighty-five percent of loans deployed went to entrepreneurs of color. With an average loan size of $16,614, our team reached and supported truly small, family-owned businesses during COVID-19. 

Read more

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