Renaissance small business loans are designed to provide financial support to small business owners and entrepreneurs whose businesses are located in New York City. We make short and intermediate-term loans to businesses that may require additional funding to help grow existing enterprises or to jumpstart new ones.
Renaissance offers loans of up to $100,000. The principal can be used for equipment, inventory, renovation of commercial real estate, and working capital.
▪ As low as 4% interest rate
▪ Up to 5-year repayment terms
▪ Startup businesses welcome
▪ No prepayment penalty
▪ Fast approval process
▪ Free business counseling
To date, we have lent over $25 million to over 700 businesses and have provided technical assistance to more than 2,500 entrepreneurs. Over 90% of our loans are made to minority or women clients.