Ignite Loan Program

Fuel your
business with capital.

Up to $10,000 in credit at 2% interest, with $0 fees and monthly coaching for the life of the loan. Built for Launcher graduates ready to grow.

Credit line
Up to $10,000
Interest
2% simple interest
Term
36 months
Fees
$0, no prepayment penalty
Lender
Stepping Stones Federal Credit Union

Loan approval is not guaranteed. Terms subject to change.

What it is

Credit built for
graduates.

The Ignite Loan Program is a revolving line of credit for Launcher graduates running a for-profit business. It's designed to be reachable: up to $10,000 at 2% simple interest, over 36 months, with $0 fees and no prepayment penalty.

On-time payments are reported to the credit bureaus, so every payment builds your business credit. You also get monthly one-on-one coaching for the life of the loan. The loan is made through our lending partner, Stepping Stones Federal Credit Union.

How Ignite works

Capital, credit,
and coaching.

01

Up to $10,000

A revolving line of credit at 2% simple interest over 36 months.

02

$0 fees

No origination fees, no application fees, and no prepayment penalty.

03

Credit that counts

On-time payments are reported to the credit bureaus, plus monthly coaching for the life of the loan.

Who it's for

Is this
you?

  • Launcher graduate
  • For-profit business operating 6 or more months
  • Ready for monthly one-on-one coaching
  • Looking to build business credit, not just access cash
  • Comfortable working with Stepping Stones Federal Credit Union

Entrepreneur Journey

Ready to
ignite your business?

1

Apply

Tell us about you and your idea. It takes a few minutes.

2

Review

Your application is reviewed by our team.

3

Enroll

Confirm your seat in the cohort and site that fits you.

4

Orientation

Meet your trainer, your classmates, and your workbook.

5

Launch

Graduate with a plan, a network, and a team behind you.

A Launcher trainer presenting to a class

Meet an Ignite Graduate

I had to change the way that I thought, and put my Faith in God. His Promises. I'm Grateful and Thankful for these moments, and everyone that had a part.

Donald MaullMaully Maull's Lawn Service, Georgetown

Questions

Frequently asked.

How much can I borrow?
Up to $10,000, as a revolving line of credit.
What's the interest rate and term?
2% simple interest, over a 36-month term.
Are there fees?
No. There's $0 in fees and no prepayment penalty.
Am I eligible?
You need to be a Launcher graduate with a for-profit business that has been operating for 6 or more months.
Does this help my credit?
Yes. On-time payments are reported to the credit bureaus.
Who makes the loan?
Our lending partner, Stepping Stones Federal Credit Union.

Ready to
ignite your growth?

Talk with our team about whether Ignite is the right fit for your business.