Business Development

Do you need a bit of help with your business before, during, or after the lending process?

Our Business Services team is available to help. From group sessions to one-on-ones, we're here to help your business grow!

Our goal is to help eliminate barriers and be a support to your business. Our wrap-around Business Development and funding model is designed to work in partnership with entrepreneurial support organizations and resources available across the region.  Click below to access our list of community resources.

 FAQs

  • You’ll need your Business Plan, Business Financials (last 3 years or time in business), and business and personal tax returns . Additional documents will be requested based on your business structure and industry.

  • It can take anywhere from 45-90 days depending on your preparedness when you inquire for funding.

  • After a review of your loan request, our team will determine if a co-signer is necessary to enhance your loan request.

  • Freedom Equity submits UCC filings attached to business assets for working capital and debt consolidation loans. However, we may collateralize loans associated with large equipment or real estate.

  • Generally, Freedom Equity makes loans up to $50,000

  • Our rates vary from 4.00% to 6.75%.

  • We charge a $100 Application Fee + 1% Origination Fee for all applicants. Fee schedules are provided for review prior to loan closing.

  • The term of your loan, up to 60 months, is determined by the specific loan product and other factors. Also note, there are no pre-payment penalties if you decide to pay your loan off early.

  • Freedom Equity seeks loan applications from businesses whose owners/guarantor(s) are United States citizens or permanent residents, have a minimum credit score of 550, and have less than $1.5M net worth (individually). Freedom Equity serves the Central Ohio region with a focus on Franklin County and the City of Columbus.

  • Applications from Not-For-Profit organizations are reviewed on a case-by-case basis

  • Yes, new and start-up businesses are encouraged to inquire – ESPECIALLY if they have started a business plan.

  • Yes! You do not need a physical location to be eligible for our products.

  • All loan funds must be used for business purposes. Some examples of business use include but are not limited to working capital, equipment purchases, inventory purchases, leasehold improvements, or purchase an existing business.

  • If the personal debt was used for business purposes. You must be able to provide documentation showing the debt and use of fund

  • Freedom Equity submits UCC filings attached to business assets for working capital and debt consolidation loans. However, we may collateralize loans associated with large equipment or real estate.

  • We will consider it on a case-by-case basis.

  • We recommend that you assess your businesses and determine which would benefit most immediately from this investment.