Brightpoint Brightpoint Brightpoint Development Fund provides affordable financing for small-business owners looking to grow their business and entrepreneurs who are just starting their business. We provide alternative financing for customers who are unable to borrow from traditional lenders due to past credit problems or are needing only a small amount of capital. Financing is provided as a personal or business loan to assist the borrower in moving forward their financial health and to access mainstream financial resources in the future.
Type: Regularly amortized installment loans
Amount: $5,000 – $50,000
Interest Rates: 6.00% – 10.00%
Terms: 60-72 months
The common Brightpoint borrower is someone who has trouble accessing traditional financing because of past credit issues, limited collateral, not enough business history, limited owners’ equity in a project, or various other reasons. While a borrower may be lacking in some of these areas, Brightpoint will examine a borrower’s character, industry experience, and business plan when looking at a loan application.
We can provide loans to anyone in the following statuses:
U.S. Citizen
Permanent or Conditional Resident – Green Card
Non-Immigrant–Visas, Authorization to Stay, Asylum
Along with financing, each borrower is required to participate in Brightpoint’s technical assistance program. The goal of this program is to help our borrowers develop business skills in areas that they have an identified need. This is done both through group workshops taught by local experts or via one-on-one work with BDF staff.
Step One: Please send an email to [email protected] with “BDF Small Business Loan” in the subject line. Include business owner name(s), business name, amount requested, email address, and telephone number.
Step Two: The application fee is $75.00. Ensure to provide your full name in the “note” section in the payment portal, so we can apply the credit to your loan file correctly. For instructions on how to pay the fee, see the “Application Fee” checklist item in the application portal.
If you experience any problems, reach out to our office at (260) 399-4108 or [email protected].
We offer financial institutions a place to send business owners who are turned down for a loan while still keeping them as customers. Brightpoint will also send the financial institution a report about the technical assistance provided and capital lent to their customers.