Business Start-Up Loans

Loan Terms

Loan Amount

Up to $25,000

Interest Rate

6.50% Fixed


1% loan fee, 3rd party fees paid by borrower

Term Length

Up to 60-month repayment


First 6 payments Interest only; remainder Principal & Interest

Obtain the startup capital you need to launch your business

WEV’s Business Start-Up Loans help businesses that have not yet started or that started in the last 12 months get access to capital.

These small business start-up loans are a great option when…

  • You haven’t yet been able to find enough funding to launch your business
  • You have just launched your business and realize that you need additional funds to invest in staffing, inventory, marketing, or other strategic priorities
  • You are seeking a supportive and collaborative business funding opportunity


To be eligible for a Business Start-up Loan, applicants must:

  • Own and control at least 51% of the business
  • Be ready to start a business or have been in business less than one year
  • Have resided within Santa Barbara County or Ventura County for at least one year
  • Be a U.S. citizen or legal permanent resident, or have an ITIN (Borrowers with an ITIN are eligible for loans up to $10,000)
  • Have a business plan, which must contain at minimum a marketing plan and a two-year financial projection
  • Not have had a Bankruptcy discharged within the past 3 years
  • Not have any outstanding and unresolved tax liens, judgments, or other derogatory reporting (if related to the COVID-19 crisis, exceptions may be made)
  • Provide personal financial information and personal guarantees of all owners of 20% or more of the business

Ready to get started with WEV’s Funding Process?

Fill out an interest form to meet with WEV’s Funding Team.

“Nothing compares to seeing the excitement a client has as they show us around their new location, made possible with the funding they received from WEV.”

Stephanie Martinez, WEV Funding Program Assistant

What people are saying…


Investing in Our Small Business

Thank you for investing in our small business, your support provides us great motivation as we get through these last tedious steps, our appreciation to the team for your support of our business.


Can’t Wait to Get Started

Thank you so much! I couldn’t have gotten this far without your help. I can’t wait to get started!



Thank you to the team. The comfort of having this team working behind the scenes is refreshing.