Spark now has over one million dollars in lending capital. Spark provides access to capital for businesses that cannot otherwise obtain traditional financing. Spark RLF loans are intended to be small or supplemental loans to be used when no other sources of funding are available to borrowers.
Applicant eligibility varies based on the funding source (USDA or EDA). Eligible borrowers can be a private for-profit or non-profit firm, corporation, partnership, or sole proprietorship. To be eligible, applicants can be from any sector and loans can be for a startup, business expansion, or business retention.