Frequently Asked Questions

Applicants are generally contacted within 5–10 business days after submitting a complete application. Timelines may vary depending on application volume and whether additional information is needed. 

The loan process typically takes 30–60 business days from application to funding. Timing depends on loan size, complexity, and how quickly required documents are submitted. 

Interest rates are typically between 7% and 10%, depending on the loan product and borrower profile. 

While loan terms vary depending on a variety of factors, loan terms generally range from 12 to 72 months, with interest rates typically between 7% and 10%, depending on the loan product and borrower profile. 

Access CDFI is primarily a cash-flow-based lender.  The underwriting process considers the overall health and viability of the business, including cash flow, operating history, financial statements, and credit history, rather than relying on a single factor such as credit score alone. 

Loan amounts typically range from $1,000 to $250,000, with select programs offering higher limits, up to $1,250,000. 

Underwriting does not rely on a single minimum credit score. Underwriting is primarily cash-flow based, while considering the overall financial viability, credit history, and the full business picture. Given these criteria, credit is a part of the loan evaluation and good credit is preferred.

Yes. Certain loans are reported to consumer and/or business credit bureaus. Responsible repayment can help borrowers build or strengthen their credit profiles over time. 

Start by completing the online application on our website. Once submitted, a member of the Access CDFI team will guide applicants through the next steps and document requirements. 

Access CDFI does not directly assist individuals with writing business plans. However, borrowers may be referred to trusted partners such as SBDC, SCORE, and other technical assistance providers who offer business planning support at no cost. 

While each application is reviewed individually, businesses may not be eligible if they: 

• Are not licensed in the State of Nevada 

• Are not actively operating or generating revenue 

• Cannot provide basic financial documentation 

• Operate in industries that conflict with our mission 

• Rely heavily on high-cost debt that creates ongoing cash-flow instability 

Access CDFI only provides loans to businesses.  Some programs may, however, help business owners improve their credit as part of a business financing strategy. 

Yes, in some cases. At Access CDFI, a “startup” generally means a business that has been operating for less than two years. At times, newer businesses may qualify for credit, but we generally do not provide financing to idea-stage or pre-revenue businesses. 

To be considered, startup or newer businesses must typically: 

• Be actively operating and generating revenue 

• Have a business bank account 

• Be properly licensed in the State of Nevada 

• Have a physical business location 

• Be able to provide at least six months of financial records, such as a Profit & Loss statement and bank statements 

Each application is reviewed holistically and based primarily on cash flow and overall business viability, not just time in business. If you’re unsure whether your business qualifies, we encourage you to contact our team before applying. 

A startup is generally a business that has been operating for less than two years but is already open, licensed, and generating revenue. Businesses that are still in the idea or planning stage are not eligible for financing. 

We offer a range of products, including: 

• Term loans 

• Working capital loans 

• Refinancing for high-cost debt such as merchant cash advances (Revenue Based) 

• Microloans 

• Contract financing 

Fees vary by loan product and may include an application or closing fee. All fees are disclosed upfront before closing. 

Most loans do not carry prepayment penalties. Certain loans funded through third-party or federal programs may have restrictions. 

Microloans are designed for small businesses seeking smaller loan amounts with flexible underwriting. While factors such as revenue, cash flow, and credit are considered, underwriting reviews each application holistically. If you’re unsure whether you qualify, we encourage you to speak with a member of our team. 

The Microloan program is versatile, and may be used for almost any business purpose. With lower loan amounts available at a lower interest rate, and no prepayment penalty, you can use a loans to bridge a financing gap now, and pay it back as quickly as you want.

Many business owners have used the loans to finance working capital needs in a pinch, support upgrades and expansions for their businesses, or to kickstart new marketing and promotion initiatives. In particular, the Microloans are a great fit for:

• Working capital
• Equipment purchase
• Technology improvements
• Debt refinancing
• Leasehold improvements

Contract Financing offers short-term bridge loans for businesses bidding on or performing contracts with government agencies or approved prime contractors. These loans help cover upfront costs and demonstrate financial capacity to successfully execute the contract. 

Access CDFI does not lend to businesses engaged in gambling, cannabis, liquor stores, smoke shops, or other activities that conflict with our mission, federal, or state laws.