Get started now!
Please fill out the form and an immito loan rep will contact you.
“We know that a company’s value isn’t always captured on paper. We consider it our duty and have the experience to understand and share your story.”
As a wholly-owned subsidiary of Local Initiatives Support Corporation, immito is a national, direct lender whose mission is to provide capital to small businesses that have traditionally been under-served by conventional financing institutions.
immito provides SBA 7(a) loans from $250K up to $5M, on fair and reasonable terms, at a low interest rate (Wall Street Journal Prime Rate plus 2.75%, variable), with lower down payments and longer repayment terms than conventional loans. Loans are fully amortizing (no balloon payments) and terms range from 10 to 25 years, depending on use of funds.
Approved uses of funds include:
- Real estate purchase
- Construction/renovation
- Business acquisition
- Business expansion
- Equipment purchase
- Permanent working capital
- Debt refinance
- Partner buyouts
To qualify requires:
- All owners must be US Citizens or legal permanent residents
- Business must be for profit
- Must meet SBA’s size standard for small business
Terms subject to change. All loans are subject to SBA eligibility requirements and immito underwriting and credit approval.