Areas Served: All Delaware The Micro Loan Fund (MLF) provides loans for individuals and microenterprises in Delaware from $300 to $15,000. Loans are repaid over a four-month to three-year period. Most business purposes are eligible, including working capital, equipment and inventory. CDFIs like First State Community Loan Fund invested $3.5 billion in 2004 to create
Read MoreAreas Served: Statewide Delaware The Business Growth Fund (BGF) provides loans for existing businesses in Delaware from $15,000 to $50,000. FSCLF will consider start-up businesses under this program; however, most BGF borrowers have been in operation for at least a year. Loans are repaid over a one- to five-year period. Most business purposes are eligible,
Read MoreAreas Served: Statewide Delaware The Delaware Strategic Fund represents the primary funding source used by DEDO to provide low-interest loans and grants to businesses located or looking to relocate to the State of Delaware. Benefits – Through the Strategic Fund, a business can gain access to capital to help grow its workforce, augment working capital,
Read MoreAreas Served: Statewide Delaware Limited Investment for Financial Traction (LIFT) is a loan program designed to help Delaware small businesses improve cash flow, expand and become financially sound. This loan program is designed to allow participating small businesses to defer interest payments on their line of credit for a two-year period. Eligible businesses must meet
Read MoreAreas Served: New Castle county, in the cities of Wilmington, Newark, New Castle, Middletown, Odessa, and Townsend The Micro Loan Training Program is a business training program for persons interested in developing small businesses. It provides core instruction to the elements needed to produce a business plan and also covers finances, advertising, market research, cash
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