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Bond Street Offers Lending Program

Mahima Chawla, Bond StreetBond Street, which offers small business term loans, is giving members of ICB USA the ability to participate in the Bond Street Accounting Professional Partner Program. Under the program, bookkeepers who are members of the association can receive discounts or take referral fees for referring customers to Bond Street.

Bond Street provides term loans of one to three years in amounts ranging from $50,000 to $500,000 at interest rates of from 6 percent to 23 percent. Loans are available to businesses that have more than two years of operating history, at least $200,000 in revenue and can assign a personal guarantor.

"The accountant can complete the majority of the application," says Mahima Chawla. "If the accountant would not like to be more directly involved, we will work with the client."

The program is open to accountants and bookkeepers in all of the United States, except North Dakota, Nevada, South Dakota, Tennessee and Vermont.

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