Incentives
Emerging Entrepreneur Loan Program
DEED's Emerging Entrepreneurs Fund primarily supports micro- enterprises and small businesses with loans of up to $150,000 to businesses owned by minorities, low-income persons, women, veterans, and/or persons with disabilities. Businesses located in low-income areas will be given priority. The program will finance a variety of start-up and expansion costs, including normal expenses such as machinery and equipment, inventory and receivables, working capital, new construction, renovation, and site acquisition. Financing of existing debt is not permitted.
DEED provides grant funds to nonprofit lenders, which use these funds for loans.
Category: Financing Resources, State, Loans and Grants
More Financing Resources, State, Loans and Grants