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Greenwood Archer Capital, Inc.
Greenwood Archer Capital, Inc.
Amount
Varies
Deadline
Rolling
Odds
~32 approved per year
Effort
1 to 2 days
Can you get this?
✓Must lack access to conventional financing
✓Located in Chicago's South or West Sides
✓Loans up to $500,000 available
✓For minority-owned businesses (90% of loans)
✓Underwritten on character and community impact
Your real odds
GAC approved 32 new clients and $2.8M in new loans in FY2025, averaging $70,000 per loan.
90% of loans go to minority-owned businesses, and the CDFI model is built for borrowers who can't get conventional financing, so if you're Chicago-based and fit that profile, the bar to qualify is lower than at a traditional bank.
What it takes
Review requirements and prepare financial information1 to 2 days
Submit application via online portal1 to 2 hrs
Complete underwriting process with lender
Worth knowing
GAC runs free monthly workshops on operations and financial planning, open to applicants before they borrow, and showing up before you apply builds a relationship with their team while signaling that you're serious.
What else do you qualify for?
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