An integral part of the microenterprise philosophy is to provide
access to capital to microentreprenurs along with training
and one-on-one assistance.
The main objective for the MPBDP Loan Pool is to assist in
providing financing to low-income, women,
and minorities who have a solid business idea, but are not
able to obtain financing through traditional avenues (i.e.
bank).
Our micro loan pool allows us to give loans up to $35,000.
You can use our funds to purchase equipment, use as operating
capital, etc. If you are approved for a loan you will be required
to secure collateral at a level defined by the loan review
committee.
We understand that taking on debt for a business venture can
be an intimidating task. Our staff specializes in small business
loans and will help you prepare financial projections and walk
you through the underwriting process.
To be eligible to participate in our loan pool, applicants
must meet the following criteria:
Fully complete our 8 session Business
Training Series
Complete a Business Plan/Financing Proposal
Complete our Full Loan Package
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