To note, applicants do not need to answer this. This is available only if you want to share more. Please share any additional insights about why you need the Propel Program, and why 2020 has been challenging or created additional opportunities for you.
The Propel Program is able to offer a variety of terms for up to 60-months or five years. An example of a requested rate & term situation would be 2.75% at 60-months or five years.
For example, I would like a $3,750 loan for the following uses:
Rent payment for two months totaling $2,000,
utility payment for two months totaling $1,225,
supplies purchase for operations totaling $525.