AWBC x GoodBread Microloan Pilot
Program at a Glance
AWBC is partnering with GoodBread Innovations to bring a WBC-gated microloan program to women and small business owners in New York and South Dakota. WBC advisors identify and refer eligible clients — GoodBread handles applications, underwriting, decisioning, servicing and compliance.
100K
Program Fund
$5K–$10K
Loan Range
12 mo.
Pilot Term
2 States
NY & SD
The Process
1) Advisor Identifies Client: WBC advisor identifies a client who may benefit from a microloan and meets basic eligibility
2) Advisor Submits Referral: Advisor submits referral via the co-branded intake form — this opens the application for the client
3) Client Applies: Client receives a link and completes the application, connecting their business bank account and personal bank account, allows soft credit pull (no impact on scores)
4) GoodBread Underwrites: GoodBread reviews cash flow, identity, and eligibility — all compliance and decisioning handled by GoodBread
5) Funds Disbursed: Approved borrowers receive funds. Repayment begins on a semi-monthly schedule
Borrower Eligibility
Business Requirements
- Separate legal entity (LLC, S-Corp, or C-Corp) — no sole proprietors
- Established business bank account
- Account name matches entity formation documents
- No active business bankruptcy
- Located and operating in New York State
Owner Requirements
- No unpaid federal tax lien
- No court-ordered payment delinquency (child support, alimony, judgments)
- No prior GoodBread loan default
Loan Purpose
- All business expenses: equipment, inventory, working capital, debt refinancing. No personal use.
Loan Terms
No minimum credit score required. GoodBread evaluates real capacity to repay through cash flow analysis.
Loan Size
$5,000 – $10,000
Loan Term
6, 9, or 12 months
Interest Rate
10% per annum
Prepayment Penalty
None
Payment Frequency
Twice monthly
Collateral
Personal guarantee required
Origination Fee
2.5% (deducted from proceeds)
Servicing Fee
2.5% (paid from borrower payments)
Use of Proceeds
All business purposes (equipment, inventory, working capital, debt refinancing)
The Client Experience After Referral
Application
- Client receives a personalized message from AWBC to the link for GoodBread’s application
- Connects business and personal bank accounts via Plaid (secure, read-only)
- Provides basic business and owner information and permission for soft credit pull (no impact on score)
- All owners with 25%+ ownership added to application
- Personal guarantee required from owners with controlling interest
Underwriting & Repayment
- GoodBread reviews cash flow via connected bank data
- Behavioral data and business context assessed
- Decision made — no minimum credit score required (credit scores not used in decisioning)
- Approved: funds disbursed directly to business account
- Client repays twice monthly (no prepayment penalty)
GoodBread uses cash flow and behavioral indicators — not credit scores — to assess borrower capacity. This expands access for clients who may not qualify through traditional lenders.
