GNEC now offers the new Opportunity Zone Fund for those existing businesses located in a designated Opportunity Zone. The loan fund offers a low fixed interest rates at 5.99%.
All loans are underwritten using a stress test rate of 10.99% to determine qualification. Upon review we will determine the best funding source for your situation.
If approved for the 5.99% and are late with payments, the subsidy may be removed and your payments will be based on the actual 10.99% (without any subsidies).
Select the loan amount you seek below. Please apply accordingly.
Dream Maker Loan Program:
Loans $1K to $30K
Business Builder Loan Program:
Loans above $30K
Before you click on the Opportunity Zone Locator button on the right review the following instructions:
- Once on the page check off the box for “Qualified Opportunity Zone” on Layers on the left side of the screen.
- Enter your business address (or your home address if it’s a home business) in the “Find address or place” field.
- Click on the magnifying glass icon to search and see if its in an Opportunity Zone.