A minority in need of a business loan?Minority Business Loans of Transfac Capital can help minorities get a business loan through us or cash advance through our partner, Intercard. There is a 90% approval rate and are based upon your total sales volume and your past business history, not credit. Reasons for a minority business loanYou're seeking capital to finance a new franchise. You're in the hospitality business and need to make improvements to make people feel at home. You want to purchase a building or refinance an existing commercial minority business loan or mortgage. You want to expand. Buy out your partner. Consolidate your debt. Increase your inventory. Whatever your reason. We'd like to help.There isn't a single person on our staff who doesn't understand the pressures and challenges a small business owner faces. We're approachable no matter what your reason might be.
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Definition of a Minority Business LoanMinority Business Loans are obtained by minority held businesses and encompasses an agreement in which a lender (usually a bank) gives money to a minority business in need of capital. The business agrees to repay the money with interest, at some future point in time. A Minority Business Development Loan can be very flexible and comes in a variety of terms to meet your specific needs.
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