Mississippi Capital Access Network®
Higher Purpose Co. created the Mississippi Capital Access Network ® to streamline the process of providing affordable capital to support eligible borrowers across the state.
Kiva Loan Program
Kiva is a nonprofit that enables financially excluded and socially impactful entrepreneurs to access 0% interest small business loans. These loans are crowdfunded by hundreds of lenders from around the world that read your story, lend you as little as $25 each, and rally around your business as potential customers, business advisers, and brand ambassadors.
Up to $10,000, No interest or fees. Terms up to 36 months. No high credit score or collateral needed
Why apply for a Kiva Loan with Higher Purpose Co. ?
We are dedicated to supporting communities build wealth by utilizing business ownership. As a Kiva Trustee, Higher Purpose Co. will endorse entrepreneurs application and assist them throughout the loan process.
To be eligible for a Kiva Loan, you must meet the following requirements:
Borrower cannot currently be in bankruptcy or foreclosure
Annual income of less than $100K
Must have or create a PayPal account
At least 18 years of age
Not involve in multi-level marketing or illegal activities
Suggested Loan Uses:
Purchase or upgrade equipment
Business management software
Working capital for inventory
Certifications and licensing
Marketing & advertising
Communities Unlimited Business Loans
For profit businesses or nonprofit daycare centers
Collateral is required on all loans
Financial statements for past 3 years or for time in business if less than 3 years
Personal guaranty on all loans
Startups must have an alternative source of income
Micro-loans - Loans from $500 to $50,000
Business Basic loans ($500 to $1,000) are for the early stage businesses that just need a little extra boost
Small Business Loans above $50,000 for businesses with a proven history of profitable growth and capacity
Participations - Communities Unlimited partners with banks and other lenders to meet your financing needs.