EatsPlace
EatsPlace is a community development financial Institution with a food incubator and restaurant/bar accelerator lab. Our services include business loans, venture capital, and technical assistance for businesses.
Contact Information
General Information
Katy Chang | Managing Member | (202) 882-3287 | info@eatsplace.com
Products & Services
Products & Interest Rates
- Secured term loans:
0-10% - Unsecured term loans:
0-12.5% - Secured lines of credit:
0-10% - Unsecured lines of credit:
0-12.5% - Business credit cards
Loans Offered
- Small business microloans:
- Under $5k
- $5,001 – $50k
- Small business loans:
- $50,001 – $150k
SBA & Other Products
- Equity (venture) Financing
Eligibility & Requirements
General Requirements †
- Personal Credit Score:
Minimum 575—no credit score necessary for small dollar loans - Business Credit Score:
Minimum 575—no credit score necessary for small dollar loans - Personal Guarantee:
Yes - Collateral:
varies - Number of Months Financial Statements:
3 Months - Years in Operation:
0 or more - Annual Revenue:
0 or more
Ineligible Loan Uses ‡
- Lacking business strategy
- Debt load too high
- Cash flow inadequate
- Cannabis industry
† Note: These are generally required
‡ Items, industries, and/or purposes that are not eligible for financing
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