Next Step Small Business Loan
Loan Products | Microloans
0% Interest Loans for Established Small Businesses
With support from Capital One, the Next Step program provides 0% interest loans to help established businesses invest in growth, stabilize cash flow, and move forward with confidence, giving owners the flexibility to strengthen operations and prepare for what’s next.
Loan
- Up to $15,000
- 0% interest
- 5-year term
- No fees
- No collateral (personal guarantee for owners with 10%+ ownership)
- Eligible uses: working capital, inventory, furniture, equipment
Eligibility
- Located in Hudson or Passaic (NJ)* or NYC
- In business 3+ years
- Minimum FICO 680
- No bankruptcy in the past 5 years
- No unpaid charge-offs; limited recent slow pays
*Please note that funding for Bergen County businesses has been fully subscribed, and we are no longer accepting applications from Bergen County businesses at this time.
Documents
- Application and formation documents
- 2023 and 2024 tax returns
- 2025 P&L (and interim financials if on extension)
- Personal financial information and photo ID
- Business lease (if applicable)
Ready to get started?
Take the first step by completing the loan pre-qualification form below.
If you are pre-qualified, we’ll ask you to complete a simple loan application. Our final decision will be based on the complete application package.