Fast Minority Small Business Loans

Lack of working capital and limited cash flow are the most common challenges reported by minority-owned businesses. Sometimes your business needs an infusion of working capital to meet the challenges of your industry, outshine your competition, and seize opportunities to grow or expand, but many minority-owned businesses have trouble getting the funding they need from traditional lenders. If funding from a traditional lender is approved, it is often for lower amounts with higher interest and shorter terms.

As an alternative lender, Thor Capital Group application requirements differ from those of a traditional lender. With our streamlined application and approval process, we can approve more minority small business loans, often in as little as one business day. We offer a number of funding options, with funding from as low as $5.000 up to 1 Million.

Minority-Owned Businesses Funding Solutions

We provide a number of different types of small business minority loans, with funding ranging from $5.000 to 1 Million. Our expert Funding Specialists will work closely with you to understand the needs of your business so you can select the funding option that will help you reach your goals without compromising your cash flow.

MERCHANT CASH ADVANCE

You’ll receive working capital now, and we’ll receive a percentage of your daily or weekly credit card sales until the terms of the merchant cash advance have been met. Ideal for businesses with a high volume of credit card sales.

MERCHANT CASH ADVANCE

COLLATERAL LOAN

Is a secured loan that uses commercial real estate to reduce the cost of the loan and get longer terms. Also ideal for businesses looking for longer-term funding options.

COLLATERAL LOAN

SMALL BUSINESS LOAN

Our small biz loans are typically between $20,000 and $60,000. Small loans for small businesses as low as $3,000 are also available, as are small biz loans up to $500,000. Ideal for businesses seeking short-term financing to grow.

SMALL BUSINESS LOAN

BUSINESS LINE OF CREDIT

Borrow as much or as little as you need, draw and repay as you go, and pay interest only on the portion of money you borrow. Ideal for businesses looking for flexible funding.

BUSINESS LINE OF CREDIT

Will Your Business Qualify?

Approval for minority-owned small business loans from Thor Capital Group isn’t based on your credit score alone. Instead, we focus on the overall health of your business. Here are some factors we consider:

  • Long accounts receivable periods
  • Contingency cases that restrict cash flow
  • Keeping up with rapid technology changes
  • Size of practice—in a private practice, operating costs are the responsibility of the sole owner; in a group practice, operating costs are shared between all owners

How To Use Minority Small Business Loans

We believe small business owners are in the best position to determine how to grow their businesses, so we don’t restrict how you use your funds. You can use your working capital loan to overcome the obstacles your business faces, such as keeping up with industry trends or standing out from your competition, or use your funding to take advantage of opportunities to improve or expand, such as:

  • Upgrading technology or renovating your space
  • Getting better volume pricing on inventory
  • Expanding to a new location
  • Investing in marketing and advertising to boost your clientele

How Minority Owned Bussiness Funding Works

SUBMIT YOUR APPLICATION

After you submit your application, a Funding Specialist will reach out to you within 1 hour (during regular business hours) to discuss your options.

SUBMIT YOUR APPLICATION
CHOOSE YOUR FUNDING

A Funding Specialist will reach out to you within 1 hour (during regular business hours) to complete your application and discuss your business funding options.

CHOOSE YOUR FUNDING
GET FUNDED

Once you and your Funding Specialist determine what funding option works for your business, your funds can be approved and deposited within 24 hours.

GET FUNDED
REPAY YOUR LOAN

You’ll need three months of business bank statements and other financial records. For faster approval, grant us secure access to your bank account’s transactional data.

REPAY YOUR LOAN

Why Get Funded by Thor Capital Group?

Opportunities to expand or take on new projects come and go quickly, but applying for funding from a traditional lender can take months with no guarantee of approval. With Thor Capital Group, we have a faster, streamlined application process, so we can approve your company loan in as little as 24 hours.

Our application requirements are lower than traditional lenders, but we always have your best interest at heart. We are proud to provide responsible funding and we will never over-leverage your business by giving you more capital than you can manage, and our Funding Specialists will be beside you every step of the way.