Credit Builder Loan

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Our entry-level loan to fund your business and build your credit score. This loan is frequently recommended for individuals who are looking to begin growing or improving their credit score. Credit Builder Loans rage from $500 to $2,500. 


Before you apply for a loan with our team, you will need to review the following requirements to ensure you currently, or will soon, meet all requirements:

  • Must demonstrate proof of earned income for loan repayment such as your most recent tax return or your last two months of paystubs
  • Must register your business and show proof of Employee Identification Number (EIN)
  • Must have an open a business checking account at a bank
  • Have no active bankruptcies in the last 12 months, no current delinquencies, and no outstanding collection accounts (we will review and provide your credit report)
  • Must have an individual Social Security Number (SSN). (Note: In some cases we can work with an Individual Tax Payer Number (ITIN) for immigrants and migrants.)
  • Must be a resident of Oregon or Washington
  • Before the loan is disbursed, the applicant must either participate in our Matched Savings Business Grant (IDA) program or complete 12 hours in approved business trainings below:

Oregon approved trainings: 

  • Oregon's Women's Business Center at Mercy Corps Northwest

Washington approved trainings: 

  • Center for Inclusive Entrepreneurship
  • Washington Women's Business Center at Impact NW

If you meet these requirements you can review the two Credit Builder Loan options offered below.

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First loan

Our Credit Builder Loan is available in a series of two different loans. The first loan offers eligible entrepreneurs up to $1,000.

Amount: $500-1,000
Length of Loan Payments: 12 months
Monthly Payment: $87
Total Interest: $22
Closing Fee: $25

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Second loan (optional)

Once you successfully pay off your first loan of $500-$1,000, you are automatically pre-approved for an additional loan of $2,500 under the same qualifications. If you would like the second loan, you must still complete an application.

Amount: $2,500
Length of Loan Payments: 24 months
Monthly Payment: $114
Total Interest: $214
Closing Fee: $50

Start your loan journey

We are proud to offer resources that help you stay informed as you partner with our loan program to achieve your business goals.

Credit 101

Credit can be confusing.  Today, more than ever, it is critical to know what your score is and where you stand. Dive in to learn more about how you can expertly manage your credit.

Loan FAQ

Whether this is your first loan, or the next loan on your business journey, our list of frequently asked questions has information on all you need to know to get started.

Fill out a loan expression of interest.