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Business Types

Eligible Borrowers

  1. Must be a for-profit or not-for-profit business

  2. The business must meet Small Business Administration (SBA) determined small business size standards at the time of the application

  3. The business must meet business type requirements.  Any type of legal, small business is eligible to borrow a micro-loan.  We lend to sole proprietor, partnerships, and corporations. 

Ineligible Borrowers

  1. Loan requests whose entities whose operations detract from the good of the community or conflict with CSC lending mission would not be pursued or approved

  2. The following business types:

  • Residential landlord / developer

  • Hotel/motel

  • Liquor store

  • Financial / lending institution

  • Private club, fraternity/sorority organization

  • Loans for political purposes

  • Adult oriented business or sexually prurient business

  • Loans for the sole purpose of property acquisition & rehabilitation with the intention of resale, also know as flipping

  • Loans for illegal purposes: all loan purposes must be in compliance with Federal, State, and Local laws

  • Loans to businesses associated with armament

  • Loans for purely speculative purposes​

Use of Funds

Eligible Use of Proceeds

Ineligible Use of Proceeds

  1. Working Capital

  2. Inventory

  3. Supplies

  4. Furniture

  5. Fixtures

  6. Machinery

  7. Equipment

  1. Down payment purposes

  2. Purchase of real estate

Type of Collateral
Accounts Receivable (A/R)
75% of <90 days A/R
Furniture, Fixtures, and Equipment
50% of book value or 90% of appraisal
Vehicles under 5 years old
90% of wholesale valuation
Residential Real Estate
80% of comparable sales value or appraisal
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