Areas Served: City of Lansing The Lansing Economic Development Corporation (LEDC) Business Financing Assistance Program (BFAP) is intended to stimulate business development and create positive economic benefits in the City of Lansing. Examples of positive benefits include: Rehabilitation or redevelopment of existing properties including environmental remediation and elimination of blight Creation of jobs Leverage and
Read MoreAreas Served: Statewide New Jersey UCEDC’s First Steps’ child care loan program provides short term loans to both home and center-based child care operations, including centers operated by non-profit organizations in New Jersey. Funding is available for both start-up and existing centers. Funds may be used for supplies or equipment; staff training or conferences; health
Read MoreAreas Served: Benton, Cass, Chisago, Crow Wing, Isanti, Kanabec, Mille Lacs, Morrison, Pine, Sherburne, Stearns, Todd, Wadena and The Microenterprise Loan Guaranty Fund is designed to increase local ownership or expansion of small businesses, especially among underserved populations who may find it difficult to access capital through traditional lending institutions. The fund protects banks and
Read MoreA revolving loan fund (RLF), sometimes referred to as a microloan program, is a pool of money where loans are made and the repayments are returned and lent out again, which then allows for other similar investments. For our purposes, we are looking at a revolving loan fund focused on small businesses. There are thousands of low-interest, small
Read MoreAreas Served: Downtown Stockton The Downtown Stockton Enterprise Loan Fund (DSELF) was established in 2007 to assist current and prospective downtown Stockton, California business owners with the cost of maintaining their current business or starting a new business. The DSELF offers loans from $5,000 – $50,000 and may be used for most reasonable business purposes
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