African American Loan Fund

Raleigh, NC

Overview

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

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.

Who is this 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.

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.

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