Information you’ll need to provide

  • Your most recently filed tax returns, if available and required by the lender. 
  • Bank statements and/or internally generated financial statements.
  • Information regarding business owner(s), including name, address, SSN, EIN or ITIN, phone number, email, percentage ownership, and photo ID.
  • Executed Attestation Form (to be provided by the community lender).
  • Brief description of COVID-19 impacts on your business or organization.
  • Evidence of legal formation of business such as articles of incorporation and bylaws.
  • Personal guarantee (for businesses only).
  • Additional documentation may be required by the community lender at or after the time of the application.

Helpful tips

  • These are fixed rate loans. 4% for a 5 year term and 4.5% for 6 year term. 
  • Maximum amount available is $100,000. 
  • Businesses that are not eligible include: firms engaged in activities prohibited by law, corporate-owned franchises, branch banks, payday loan stores, pawn shops, astrology, palm reading, adult bookstores, strip clubs, and track waging facilities.

If you are seeking a local business advisor or need support applying, the following resources are working in partnership with SOAR: 

About this program

Provided by: SOAR Fund

If you have questions, you can speak with a program representative at Connect2Capital by filling out this contact form

Program Information: SOAR Fund Loan Program

Additional Information: SOAR Fund FAQs

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