Step Out

STEP OUT is the final step of the loan program, when the business has experienced sustained growth to support the business owner in applying for a small business loan from a traditional bank.  This will enable the business owner to move beyond Bootstrap America and stand on the solid foundation they have built.

In this phase of the program, banks, savings and loan associations and other non-profit organizations will be approached to provide a traditional Small Business Administration loan to the business owner.  This loan will be based on the credit worthiness established in the STEP UP phase and the resulting credit score earned by the business owner.

The loan amount is expected to be an large enough to capitalize the new business and will carry traditional loan and interest charges.