what makes us different and guidelines - people fund · what makes us different rocio vallejo...

Client GuidelinesSmall business located in Texas. DBA required.Startups (<24 mo.), nonprofits, & existing businesses welcome. Do not lend to illegal businesses, pornographic, or gambling activities.Loan approval based on typical lending criteria (credit, collateral, and cash flow) but without constraints of regulated lender. Every loan considered on its own merits.Ineligible – active bankruptcy, civil judgment, tax liens, outstanding child support, delinquent student loans, OFAC advisory list.Can work with individuals previously incarcerated or those with prior misdemeanor or non-violent felony convictions.Individuals with ITIN and other form of identification are welcome to apply, but must have filed U.S. federal tax returns.Real-estate loans must be at least 50% owner-occupied.Debt consolidation loans possible, except for federal tax liens.

Loan Programs and Interest RatesFixed and variable interest rates 5-15%. Terms consider borrower capacity to repay, maximum term 120 months.Microloans up to $50,000 and SBA 7A Community Advantage to $250,000.Lines of Credit available up to $100,000.Startups need relevant experience, outside source of income, 10-20% equity injection.Interest rate discounts available for high community impact, veteran status, and other special programs.

We are a Texas registered 501c3 lender established in 1994.

Community Development Financial Institution (CDFI) – supporting underserved

populations.No established minimum FICO score.

Low loan equity contribution.Flexible loan terms.

No pre-payment penalty.Pre and post loan business training.

Variety of loan products: PeopleFund loans, SBA Microloans, SBA 7A Community

Advantage loans, Lines of credit.Amounts vary, up to $250,000.

No application fee.

What Makes Us Different Rocio VallejoDirector of Lending, Education, and Trainingrocio@peoplefund.org

Beatriz PappasSenior Loan Officer,South Austin & San Antoniobeatriz@peoplefund.org

Marco melendezLoan Officer,Austin & Wacomarco@peoplefund.org

Erika downsLoan Officer,Greater Ft. Wortherika@peoplefund.org

Nini GutierrezLoan Officer,Greater Houstonnini@peoplefund.org

Mari MontoyaSenior Loan Officer,Greater Ft. Worthmari@peoplefund.org

Jesse Sanchez Jr.Loan Officer,Rio Grande Valleyjesse@peoplefund.org

www.peoplefund.org

contact our lending team

Visit our offices in Austin, Dallas, Ft. Worth, Houston, & the Rio Grande Valley.1.888.222.0017 | www.peoplefund.org | @PeopleFund | info@peoplefund.org

Loan Readiness & What Makes us DifferentWe create economic opportunity and financial stability for underserved people through

access to capital, education, and the resources to build healthy small businesses. We empower minority, women, and veteran owned businesses as well as entrepreneurs in

low income areas to grow healthy small businesses and live the American dream.