Business Loans

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Small Business Loans

LHOME offers existing small business owners loans for up to $15,000. These loans have a 7.5% APR and a 36-month maturity. Once documents are received, the loan review process may take two weeks. Most loans require collateral. LHOME offers Sharia loans for our Muslim customers.

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Working Capital Loans for Minority and Women Affordable housing ContractorS

LHOME offers contractors working capital loans up to $15,000. Minority and Women Contractors working on affordable housing get preference for this product. If you work as a contractor with The Housing Partnership, Inc., New Directions Housing Corporation, Rebound, Inc., River City Housing, Habitat for Humanity, LMHA or similar developers, LHOME may be able to provide you short-term financing for equipment, supplies, and other needs.

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Small developer/investor loans

LHOME offers small developers and investors loans to renovate single-family residential properties in our Investment Area. For qualified borrowers and properties, LHOME can lend up to $30,000 for up to 12 months at 11%. Interest-only payments are due monthly, principal balance due at time of re-sale or refinance within one year.

Owner-occupancy is NOT required.

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