African American Loan Fund

African American Loan Fund

Raleigh, NC
Carolina Small Business

Money /

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The Concept

The purpose of this program is to assist African-American entrepreneurs in growing and sustaining their businesses.

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Who's it for?

A business that has been in operation for over a year with 51% owned and controlled by one or more African Americans is our ideal participant.

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What problem does it solve?

The African American Loan Fund addresses four key challenges facing the African-American small business community: credit worthiness, insufficient equity, lack of collateral, and need for business skills.

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How does it help?

Funds can be used to cover working capital, business acquisition, equipment, tenant improvements, debt refinance and/or purchase of the owner-occupied commercial real estate.

Program Overview

The African American Loan Fund addresses four key challenges facing the African-American small business community: credit worthiness, insufficient equity, lack of collateral, and need for business skills. The purpose of this program is to assist African-American entrepreneurs in growing and sustaining their businesses.

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