Business Kick-Start
Credit Building Loan
Entrepreneurs embarking on the journey of launching their small business will have the opportunity to apply for small dollar loan to help your business build credit rapport.
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Borrowers will receive one-on-one financial coaching education that will help to strengthen their financial practices.
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Required Documents for Loan:
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A valid Government-issued photo ID
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One-page business plan (Download Below)
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One to three months of personal bank
statements and business bank statements
(if applicable) -
Articles of Incorporation or Articles of
Organization (if applicable) -
Present a clear scope of how the loan funds will be utilized
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Eligibility Criteria:
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Be a DC resident
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Be of 18 years of age
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Must be able to provide proof of ability to repay the loan
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Must be legally able to register a business in the District of Columbia
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Benefits of the Program:
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Borrowers will have access to CAAB’s wrap-around services such as financialempowerment workshops and financial coaching.
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If unbanked, CAAB can assist the applicant in establishing a bank account with a financial institution.
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Payments will be reported to the credit bureaus, creating a positive credit history that can help to establish a credit score.
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