IAIC provides loans to small businesses for any commercial purpose except those that are prohibited by the US Small Business administration. It is our intention to charge interest at rates commensurate with the risk of the transaction. Our interest rates range from prime plus two to the maximum allowable by law. In most cases, IAIC requires full collateral for loans made to small businesses. IAIC also requires the personal guarantee of the principals.

General Requirements:

• Completed Loan Application with appropriate application fee (.5% of amount requested)
• Personal and business financial statements for the past three years
• Three years Profit & Loss projections which includes the proceeds of the loan
• Full description of collateral offer
• Full disclosure of any litigation or liens against the principals or the business
• Full disclosure of unpaid federal withholdings, sales or real estate taxes

Special Requirements:

• If the Loan Application is for a new business, we will require a business plan.
• If any bank has previously rejected your application, please submit a copy of the rejection letter(s).
• If the collateral pledged needs to be appraised, a check for the appraisal fee will be required with the commitment letter.