MCE's Loan Program Highlights

Start up businesses may apply

• Up to $35,000 available for startup businesses and up to $50,000 available for businesses in existence more than 1 year.
• Interest – Prime + 4% (currently: 6% - 10%)
• Terms – 1 to 10 years
• Establishes credit for your business
• No Prepayment Penalty
• Flexible credit requirements
• Loan applications are reviewed monthly by MCE’s Loan Committee
• One month turnaround time from start to finish
• High-risk loans may need collateral and small business training
• MCE loans are quick source of working capital for your business
• Electronic loan payments from your checking account – no check writing or mailing!