And Loans Table of Contents
Northwest Michigan Council of Governments
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- Minnesota * Arrowhead Microenterprise Program
- * Business Development Services
- * Emerging Entrepreneur Development Program
- * Northeast Entrepreneur Fund, Inc.
- * Revolving Loan Fund (RLF
- * Self‑Employment Training Opportunities (SETO)
- * Child Care Provider Loan
- * Micro Enterprise Loan Program
- * Northeast Entrepreneur Fund
- * Dayton Hudson Artists Loan Fund
- Mississippi * SBA Loan
- Missouri * Microloan Program
- Montana * Action for Eastern Montana ‑ Microbusiness Loan
- * Montana Microbusiness Finance Program
- * Montana Womens Economic Development Group
- * Opportunities, Inc. ‑ Microbusiness Finance
- Nebraska * Rural Enterprise Assistance Project
- * Rural Business Enterprise Program
- * Northeast Nebraska Microloan Fund
- * Small Enterprise Economic Development Loan (SEED)
- * Lincoln Action Program Loan
- * Rural Enterprise Assistance Project (REAP)
- * Micro Business Training and Development
- * Self Employment Loans Fund of Lincoln
- Nevada * Nevada Microenterprise Initiative Microloan
- * Citizens Bank Women Business Owners Loan Fund
- New Mexico * Womens Economic Self‑Sufficiency Team
Northwest Michigan Council of Governments2194 Dendrinos Drive P.O. Box 506 231‑929‑5000 Traverse City, MI 49685‑0506 Fax: 231 ‑929‑5012 www.cog.mi.us The goal of this program is to help entrepreneurs develop successful small businesses to create income and possible employment for others. To achieve this, a borrower must complete the Enterprise Development Workshops. After that, a loan of between $250 to $1,500 can be sought. Borrowers must meet with a loan advisor monthly.
Airowhead Community Economic Assistance Corporation 702 Third Ave. S. 218‑749‑2914 Virginia, MN 55792‑2775 Fax: 218‑749‑2913 The aim of this program is to assist with startup or expansion of local businesses that increase employment opportunities, that retain existing jobs, identify and develop local skills and talents, and that provide economic opportunity for unemployed, low income and minority citizens. Loans are from $500 to $10,000. Terms are from 90 days to 10 years. The interest rate is a minimum 8%, and is adjusted annually. Receives funds from federal, state and county funds, private loans, and revenue from operations. * Business Development Services Women Venture 2324 University Ave., Suite 200 St. Paul, MN 55114 651‑646‑3808 Fax: 651‑641‑7223 The aim of this service is to secure a stronger economic future for women through employment, career development, business development, and financial responsibility. Eligible applicants are women, with particular interest in reaching low‑income women. Loans are from 150 to $25,000 with terms from three months to five years. The interest rate is at 10%. Women Venture receives funding from SBA Microloan Demonstration Grant, state and federal grants, and foundations. * Emerging Entrepreneur Development Program Northwest Minnesota Initiative Fund 4225 Technology Dr. 218‑759‑2057 Bemidji, MN 56601 Fax: 218‑759‑2328 Although this program is available to everyone, it targets women, minorities and low‑income individuals. The mission is to improve the quality of life for the people who live and work in NW Minnesota. This program provides opportunities for self‑employment and the establishment of new businesses which makes it economically feasible for people to remain in the region. Loans are from $136 to $13,500, terms from one month to five years. The interest rate is 8%. Program receives funding from the SBA and The McKnight Foundation. * Northeast Entrepreneur Fund, Inc. 820 Ninth St., N., Suite 140 218‑749‑4191 Virginia, MN 55792 Fax: 218‑741‑4249 This is available to unemployed and underemployed individuals. This Fund helped to revitalize a rural region that has experienced severe economic dislocation in the last 15 years, and helped start or expand over 120 microbusinesses. The purpose is to encourage economic self‑sufficiency through the growth of small businesses. Loans are from $100 to $100,000 with terms from 60 days to three years. Funds come from foundations, loans, contracts, fees, and interest.
North Star Community Development Corporation 604 Board of Trade Building 301 West First St. Duluth,MN 55802 218‑727‑6690 North Star CDC is a community based economic development organization providing assistance to small businesses. Focus is placed on assisting low and moderate income individuals to achieve economic self‑sufficiency. Loans are from $400 to $20,000 with the terms from 90 days to 5 years. The interest rate is 8%. Funding comes from the Community Development Block Grant. Only for those residing within the city limits of Duluth. * Self‑Employment Training Opportunities (SETO) Women Venture 2324 University Ave., Suite 200 651‑646‑3808 St. Paul, MN 55114 Fax:651‑641‑7223 Eligible applicants are women, with particular interest in low‑income women. The aim of SETO is to secure an economic future for women through employment, career development, business development, and financial responsibility. Loans are from $50 to $25,000 with terms from three months to five years. The interest rate is at 10%. Women Venture receives funding from SBA Microloan Demonstration Grant, state and federal grants, and foundations. * Child Care Provider Loan Arrowhead Community Economic Assistance Corporation 8880 Main Street P.O. Box 406 218‑735‑8201 Mountain Iron, MN 55768‑0406 Fax: 218‑735‑8202 E‑mail:aceac@rangenet.com ACEAC's goal is to help start‑up and expansion of local businesses in order to create economic opportunities for the area residents. The child care loan is offered between $300 and $7,000. Generally, repayment is from 2 to 3 years. The interest rate is 3 to 8% depending on the borrower's adjusted gross income. Priority is given to people who are open during non‑traditional hours, people who care for children with disabilities, and those who operate in areas with a lack of child care. Technical support is available throughout the loan. * Micro Enterprise Loan Program Neighborhood Development Center 651 1/2 University Avenue 651‑291‑2480 St. Paul, MN 55104 Fax:651‑291‑2597 Small business and start‑up loans are available to businesses in the cities of Minneapolis and St. Paul for up to $10,000. First, a 16‑week NDC business training program must be completed. Repayment is up to 5 years at 10% interest rate. Business owners that have income below area median for their area are eligible.
Northeast Entrepreneur Fund 820 Ninth Street North 218‑749‑4191 Virginia, MN 55792 Fax: 218‑749‑5213 This fund is offered to small business owners that do not have reasonable access to other sources of money. The business must be located in, or the owner must be a resident of, the seven‑county Arrowhead Region of northeast Minnesota. For a start‑up or expansion of a business up to $100,000 may be requested. Repayment period varies from 30 days to 6 years. The interest is at market rate.
North Star Community Development Corporation 301 West First Street, Suite 604 Duluth, MN 55802 218‑727‑6690 This loan is for low to moderate‑income business owners. Currently, it serves the Duluth area, but it is expected to expand those boundaries soon. Up to $20,000 can be borrowed at 8% interest. The term of the loan is a maximum of 5 years. * Micro Loan Phillips Community Development Corporation 1014 East Franklin, Suite #l 612‑871‑2435 Minneapolis, MN 55404 Fax: 612‑871‑8131 This loan is for general small businesses in the 8 neighborhood areas. The business must have been in operation for at least one year. Equity is required for a loan up to $10,000. The rate is 5 years with an interest of Prime plus 3%. * Dayton Hudson Artists Loan Fund Resources and Counseling for the Arts 651‑292‑4381 308 Prince Street, Suite 270 Fax: 651‑292‑4315 St. Paul, MN 55101 TTY: 651‑292‑3218 www.rc4arts.org This program is a community based revolving loan program for artists who cannot find traditional funding. It is available to those in the Minneapolis‑St. Paul metro area. A loan of $ 1,000 to $5,000 with a term of 12 to 36 months can be applied for. The interest rate is 1% over Prime. The money can be used for artistic development and the artist's business development. * Micro Loan Program Northwest Minnesota Foundation 4225 Technology Drive, NW 218‑759‑2057 Bemidji, NM 56601 Fax: 218‑759‑2328 www.nwnf.org
Minnesota. Up to $20,000 can be applied for with a term of up to 5 years. This is open to either start‑up or existing small businesses. Mississippi * SBA Loan Women Venture 2324 University Avenue St. Paul, MN 55114 651‑646‑3808 This loan is available to help women to gain economic success. It is offered to new or existing small businesses in the 14 county service area. The amount of the loan is from $200 to $25,000 and technical assistance is given with it. The term is 30 days to 6 years with the interest up to 4 percent over prime. Fifty percent collateral is required.
Alcom State University Small Farm Development Center 1000 ASU Drive #1080 601‑877‑6449 Alcom State, MS 39096‑7500 Fax: 601‑877‑3931 The Small Farm Loan is used to give short‑term loans to small farmers. The money can be used for agriculture related expenses. The applicant must have a minimum farming experience of one year or have an educational background. Additionally, the farmer must have been turned down by 2 or more creditors. Repayment terms are from I to 5 years. There is a I to 3% service fee for approved loans, but the interest rate is 0%. Preference is given to emerging crop enterprise.
Bconomic Alternatives P.O. Box 5208 Holly Springs, MS 38634 601‑252‑1575 This microloan targets low to moderate‑income people. The business can be either just starting or an existing one. The loan amount is $500 to $2,500, with a 2‑month grace period. The term is for not beyond 3 years with a 5% interest rate. This is available to businesses in Marshall and Benton counties. Funding is from USDA and private foundations.
First Step Fund 1080 Washington, Suite 204 816‑474‑5111 Kansas City, MO 64105 Fax: 816‑472‑4207 This loan is only for the graduates of the business training program that are members of the Alumni Group. They must also fall within the federal low to moderate income guidelines. A maximum loan for a first time borrower is $2,500; the next level of loan is up to $5,000. This money can be used for supplies and/or equipment. The average loan is 2 years. The interest rate is the prime rate. The loan is approved by the Borrowers' Group.
Rural Missouri, Inc. 1014 Northeast Drive 800‑234‑4971 Jefferson City, MO 65109 Fax: 573‑635‑5636 The SBA Microloan Program is for start‑up and expanding businesses to provide funds for working capital, inventory, supplies, furniture, fixtures, machinery and/or equipment. The loan amount is from $500 to $25,000. The term is I to 5 years with an interest rate that is NY Prime plus 3%. Technical assistance is given on a one to one basis.
2030 N. Men‑ill Glendive, MT 59330‑1309 406‑377‑3564 Action for Eastern Montana receives funds from the Montana Department of Commerce, banks, utilities. Rural Conservation and Development District, and small business donations. The mission is to help create a flourishing microbusiness climate. Eligible applicants are low income, women and minorities. Loans are from $500 to $20,000, interest rate are prime plus 2%. Closing costs/fees can be included in the loan. * Montana Microbusiness Finance Program Montana Department of Commerce 1424 9th Ave. 406‑444‑3494 Helena, MT 59620 Fax: 406‑444‑2808 Eligible applicants are minorities, women and low income individuals. The goal is to provide disadvantaged individuals with self‑employment oppor‑ tunities. Loans and terms vary. Receives funds from State legislative appropriation from in‑state investment fund, local capital, and operating budget. * Montana Women's Economic Development Group (WEDGO)
Women's Opportunity and Resource Development 127 N. Higgins 406‑543‑3550 Missoula, MT 59802 Fax: 406‑721‑4584 Aim is to provide business assistance services including training, consulting and capital access, targeting low and moderate income women. It works with community teams planning and implementing timber diversification strategies, and employ business assistance specialists to assist entrepreneurs. Loans are up to $35,000, terms up to five years. Interest rate is 1‑2% above market rate. Receives funds from city, county, and state government, Ms. Foundation, Department of Health and Human Services, and US West Foundation. Only for residents of western Montana.
* Opportunities, Inc. ‑ Microbusiness Finance Program
Opportunities, Inc. P.O. Box 2289 Great Falls, MT 59403 406‑761‑0310 Eligible applicants are those unable to receive loans from conventional sources. The purpose is to stimulate better coordination among available federal, state, local and private resources to enable low income families and individuals in rural and urban areas, to attain the skills and motivations they need to secure opportunities necessary to become self‑sufficient. Loans and terms vary. * Microbusiness Loan District 7 Human Resources Development Council P.O. Box 2016 Billings, MT 59103 E‑mail: dist7hrdc@imt.nel 406‑247‑4710
This loan program is available to start‑up and existing micro businesses in Big Horn, Carbon, Stillwater, Sweetgrass and Yellowstone Counties. The amount that can be applied for is from $500 to $35,000 with the average term being 36 months. The money can be used for equipment, working capital, and property. There is also technical assistance and training available. Nebraska * Rural Enterprise Assistance Project Center for Rural Affairs P.O. Box 406 402‑846‑5428 Walthill, NE 68067 Fax: 402‑846‑5420 The aim of this project is to demonstrate and implement programs to meet the long‑term needs of existing and potential small businesses to succeed in rural areas of Nebraska. Loans are from $100 to $10,000; terms from 6 months to two years. Interest rate is prime rate plus 1% and 4%. It receives funding from the Ford Foundation, Mott Foundation, SBA Grant, The Aspen Institute, and Share Our Strength.
Central Nebraska Community Services, Inc. 626 N Street P.O. Box 509 308‑745‑0780 Loup City, ME 68853 Fax: 308‑745‑0824 E‑mail; cncsbd@micrord.com The goal of this loan is to maintain or increase employment in Central Nebraska. Small business loans are available from 1500 to 115,000 to small and emerging businesses. The term is a maximum of 5 years at a fixed interest rate. Free consulting services are also provided. * Northeast Nebraska Microloan Fund Northeast Nebraska Economic Development District 111 South 1st Street 402‑379‑1150 Norfolk, ME 68701 Fax: 402‑378‑9207 www,nenedd.org/mbu.htm A For Profit Micro business in Northeast Nebraska can apply for this loan. for each $20,000 borrowed, one job must be created. And of those, at least 51% of the jobs retained must be for low to moderate‑income employees. Security is required for the loan of 110,000 to $25,000, which must generally be paid back within 5 years. The interest rate is fixed by NNEDD. * Small Enterprise Economic Development Loan (SEED) Mid‑Nebraska Community Services, Inc. 16 West 11th Street P.O. 2288 Keamey, NE 68848 308‑865‑5675 The borrower is asked to attempt conventional financing first. If that fails, they can apply for a loan up to $5,000. The term is a maximum of 5 years with a fixed interest rate. This is available to a 27 county area in South Central Nebraska. With the funding that comes from the USDA, the loan maximum is $15,000 within a 10 county area. * Lincoln Action Program Loan Lincoln Action Program 2202 South 11th Lincoln, NE 68502 402‑471‑4515 This loan targets small business owners that are in the low‑income bracket. They use a pure lending peer group system. The loans are given in steps; they start small with a shorter term and when that is repaid, the next loan is larger, and so on. The maximum loan is $2,000. This is available to Lancaster County.
New Community Development Corporation 3147 Ames Avenue Omaha,NE 68131 402‑451‑2939 The goal of this program is to tiy and make loans available to a population that has been historically denied access to capital. The loan is available in the amounts of $100 to $10,000 for up to 36 months. Each loan level comes with a different origination fee and fixed interest rate. The eligible area is mainly North Omaha.
* Rural Enterprise Assistance Project (REAP) Center for Rural Affairs 101 Tallman P.O. Box 406 402‑846‑5428 Walthill, ME 68067 Fax: 402‑846‑5420 REAP is designed to enhance the formation of local businesses and to invest in local people and the future of the community. Local communities form an association of members between 5 and 20 people. They meet for monthly training, support, networking and reviewing of loans. The committee can loan funds between the amounts of $100 and $10,000. This is done by step‑up borrowing, with the first time amount up to $2,000. The next loan amount can be doubled up to $10,000. The interest for the first 2 loans is Prime +1%, and after that it is Prime +4%.
Project
Catholic Charities‑ Juan Diego Center 5211 South 31st Street Omaha, ME 68107 402‑731‑5413 Applicants must go through the training and development program either here or at their sister agency. Generally, this is for start‑up businesses, but an existing one will be considered if it has been operational for 3 years, with 3 years of tax returns. The funds available are from $250 to $1,000, but they will go up to $3,000 with sufficient reason. It may be used for inventory, operating expenses, and equipment. Available in their service area only. * Self Employment Loans Fund of Lincoln Lincoln Partnership for Economic Development P.O. Box 83006 402‑436‑2350 Lincoln, ME 68501‑3006 Fax: 402‑436‑2360 www.lped.com This program is available to low or moderate income business owners. They must join a Business Loan Group where the group meets monthly for assistance, networking, and loan processing. The loans are given in steps where the first amount is a maximum of $1,000. The next loan can be doubled and so on, for a maximum of $10,000. These loans are not based on credit history, but character. This program is available in Lincoln Partnership for Economic Development's (LPED) service area.
Funds
Nevada Microenterprise Initiative 116 East 7th Street, Suite 3 702‑841‑1420 Carson City, NV 89701 Fax: 702‑841‑2221 It is the goal of the Nevada Microenterprise Initiative to strengthen the economic and quality of life of low and moderate‑income business owners in the state of Nevada through training, technical assistance, and loans. For those people that cannot get commercial funding, they must attend NMI's workshop before applying for a loan. A start‑up business can borrow up to $7,500, for existing or returning borrowers, the maximum loan is $25,000. The term either is up to 36 or 72 months, depending on the loan. After that, they meet with an advisor once a month.
* Working Capital‑MicroenterprisePeer Lending New Hampshire Community Loan Fund 7 Wall St. 603‑224‑6669 Concord, NH 03301 Fax: 603‑225‑7254 This program is available to low and moderate income individuals in the Concord area. It assists underserved individuals in meeting their own basic economic needs by complementing and extending the reach of conventional lenders and public institutions. Loans are from $500 to $5,000 with the interest rate at 12%. This fund receives funding from commercial banks. * Working Capital New Hampshire Community Loan Fund 7 Wall Street 603‑224‑6669 Concord, NH 03301 Fax: 603‑225‑7425 This program was created to increase the income and success of small business owners. They use a peer lending system where members apply for loans from their group. All members must be current on their loans for any member to apply for another loan. The available loans are from $500 to $5,000. Call for the service area covered.
Women's Business Center 150 Greenleaf Avenue, Unit 8 Portsmouth, NH 03801 603‑430‑2892 The Women's Business Center (WBC) is designed to encourage and support women in all phases of enterprise development in order to create economic development. Technical assistance and workshops must be attended in order to become a member. After that, a loan from $10,000 to $100,000 can be requested if the business is also owned by at least 51% of women. The money can be used for start‑up, relocation, and working capital to expand and /or purchase equipment and/or inventory.
* Working Capital Women's Rural Entrepreneurial Network (WREN) 2013 Main Street P.O. Box 331 603‑869‑9736 Bethlehem, NH 03574 Fax: 603‑869‑9738 E‑mail: WREN@connriver.net This program has been created to support self‑employed members and to give small business loans. The peer group lending system is used so that the business owner becomes a member of the group where the loan is reviewed. The amount starts at $500 and has a $5,000 maximum. After that, there are meetings where the group gets a report as to how the loan is being used. This is for both start‑up and existing businesses in the area.
Trenton Business Assistance Corporation (TBAC) 36 Broad Street 609‑396‑8271 Trenton, NJ 08608 Fax: 609‑396‑8603 E‑mail: tbacsba@earthlink.net www.trentonj.com/tbac.html About 70% of the funds offered by TBAC are loaned to women and minority business owners. At least 50% of the loans are made to businesses owned by women. The loan amounts are up to $25,000 with a maximum term of 5 years. The interest rate is 10.5%. The for‑profit business must be located in Mercer, Burlington, or Hunterdon counties. New Mexico * Women's Economic Self‑Sufficiency Team (WESST Corp.) Women's Economic Self‑Sufficiency Team 414 Silver SW 505‑848‑4760 Albuquerque, MM 87102‑3239 Fax: 505‑848‑2368 The aim of Women's Economic Self‑Sufficiency Team (WESST Corp.) is to help women in New Mexico achieve economic self‑sufficiency through sustained self‑employment. Eligible applicants are low income women and minorities located in the State of New Mexico. Loans are from $500 to $7,000 with terms from 30 days to 5 years. The interest rate is at prime rate plus 2‑4%. WESST Corp. receives funding from Seton Enablement Fund, SBA Microloan Demonstration Program, and in‑kind contributions. Directory: images -> pages images -> Military callsign list as of dec 2010 images -> For Date: 02/01/2013 Friday Call Number Time Call Reason Action 13-768 0008 motor vehicle stop warning Issued images -> New embedded S images -> Creating Buy-In – Building Relationships images -> Deadline: Saturday, March 12th, 2016 images -> News items from Raising Our Voices images -> Last year four of the best Afrikaans Christian singers joined forces to tour Down Under with the production ‘Manne wat Glo’ images -> World-renowned vocal ensemble sweet honey in the rock images -> Peoples Voice Café History pages -> Chronology of Professional Football Download 2.34 Mb. Share with your friends:
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