PIER – Loans
Will I need to submit financial documents?
Read more: Will I need to submit financial documents?Yes. Be prepared to submit:
What if I don’t qualify? Are there other options?
Read more: What if I don’t qualify? Are there other options?Yes. IVCanDO and its partners may be able to connect you with other small business programs, including technical assistance, financial coaching, or regional lending partners.
Can I apply if I already received a PIER microenterprise grant?
Read more: Can I apply if I already received a PIER microenterprise grant?Yes! As long as you meet the eligibility requirements, businesses that have received a grant may also apply for a loan to support growth or continued recovery.
Is collateral required?
Read more: Is collateral required?Yes, loans must be fully collateralized. Typically, we accept vehicles, trailers, and equipment with serial numbers. You may also add a co-signer to your loan.
What makes this different from a traditional loan?
Read more: What makes this different from a traditional loan?The PIER RLF is designed with recovery and resilience in mind. It offers:
