- Program participants must be low/moderate income or create jobs for low/moderate income individuals.
- Ideal for retail service or manufacturing firm that is a Minority/Woman-Business Enterprise with less than or equal to 5 employees.
- Maximum loan amount is $25,000
- Must participate in a 12-week educational program.
- No commitment fee.
Loan Terms & Rates
- Below market interest rates.
- Working capital less than 5 years; machinery and equipment less than 7 years.
- Interest and principal deferred for 6 months.
To learn more about our Microenterprise Assistance Program, please contact us today.