Hilltop Microfinance Initiative
We seek to provide loans to individuals who have been excluded by the traditional lending system due to barriers such as credit score, and use a holistic underwriting approach considering a variety of factors including both qualitative and quantitative criteria.
Contact Information
General Information
Marcus Phillips | Chief Financial Officer | (201) 694-2656 | clientservices@hilltopmfi.org
Products & Services
Products & Interest Rates
- Unsecured term loans: 1%
Loans Offered
- Small business microloans:
- under $5k
- $5,001 – $50k
Eligibility & Requirements
General Requirements †
- Personal Credit Score:
None - Business Credit Score:
None - Personal Guarantee:
Yes - Collateral:
None - Number of Months Financial Statements:
3 months - Years in Operation:
None - Annual Revenue:
$1,000 - Other:
Payment history, use of funds, business viability
Ineligible Loan Uses ‡
- Working capital and certain industries
- Cannabis and alcohol
† Note: These are generally required
‡ Items, industries, and/or purposes that are not eligible for financing
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