Start up

The Fountain Fund

The Fountain Fund increases economic opportunities for formerly incarcerated people to improve their lives and remain in their communities. They provide low-interest loans and financial coaching to formerly incarcerated people, helping them build credit and achieve their self-determined goals. This includes loans for those seeking to start their own business.

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WENYC

WE NYC (Women Entrepreneurs NYC) is an initiative based out of the New York City Department of Small Business Services that is dedicated to helping women start and grow their businesses.

What to expect: They have great events, mentorship sessions, and support crowdfunding via WeFund. Participating in WE Fund Crowd means NYC will be your first lender, pledging 10%, or up to $1,000, of your crowdfunding goal.

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FastTrac

FastTrac is a series of entrepreneurship courses offered by the NYC Department of Small Business Services (SBS) for aspiring and established entrepreneurs throughout New York City. Apply now to gain the knowledge and skills you need to launch and grow your business – and connect to a network of experienced facilitators, business experts, and other successful business owners across NYC.

NYC Department of Small Business Services
110 William Street, 7th Floor
New York, NY 10038
T 212.618.8704
What to expect: The class offered via this program was amazing. You walk out with a business plan, connections, and resources to get started!

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Start Small Think Big

We help under-resourced entrepreneurs build businesses in underserved areas so owners can increase their personal financial security and stimulate economic activity in their communities.
8 W. 126th Street, 3rd Floor
New York, NY 10027
What to expect: Financial, marketing and legal support. They help in house or support you by referring you to subject matter experts.

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Maryland Community Enterprises

They provide loans for small businesses and promote economic development in Eastern Maryland.
They provide the following loans:
They provide startup loans of $5,000 to $35,000 to companies that have been denied a loan by a bank.
They also offer expansion loans of $5,000 to $150,000 for companies that have been in business for 2 years.
Both loans carry an interest rate of 6% to 12% and a term of up to 10 years.

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Baltimore Community Lending

This lender Provides loans which are designed to promote entrepreneurship in underserved communities in Baltimore. They offer emerging loans of up to $50,000 for startups with a loan term of 3-6 years. They also offer growth loans of up to $150,000 for companies that have been in business for at least two years. The loan term is 5 to 10 years.The interest rate is 7.25% to 9.25% for both emerging and growth loans.They also offer a special loan rate of 3% for hair salons, barbershops, childcare centers, and arts-based businesses in partnership with Wells Fargo. They are unable to accommodate restaurants at this point.

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The Latino Economic Development Center Credit Building Loan

They offer the following loans:
A credit building loan which is between $500 and $2,500 and has a 0% interest rate and 36 monthly payments. They also offer personalized financial education along with the loan.
They also offer SEED Loans of less than 5K for companies that have been in operation for less than a year or with plans to launch within 3 months of getting funded. This loan is offered at 0% interest for up to 36 months.
In addition, they also offer a startup loan of up to 20K with an interest rate of 6.5% and for 60 months for companies that have been in business for less than 2 years.
They also offer a loan of up to 250K for growing companies of up to 120 months and an interest rate of 6.5% ore more for companies that have been in business for at least 2 years and are looking to expand.

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The Hive

This co-working space is designed to provide support and opportunities for women and minority-owned businesses and was acquired by WACIF in 2021.

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Catalyst

A business accelerator which provides training and support to emerging companies in Central Virginia
CATALYST (434.co)
They provide 9 months of support and $20,000 in grant funding plus technical assistance to tech companies in industries such as software, hardware, biotechnology, and biomedical field.

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Lighthouse Labs

This technology accelerator provides 3 months of mentorship and support to emerging technology companies. They also provide $20,000 grants to 12 to 20 promising technology companies per year.

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Virginia Community Capital irginia Community Capital

• Virginia Community Capital (VCC) will expand its Economic Equity Fund Initiative (EEF), and use $1.5 million of additional funding to provide low-cost financing for small-, women-, and minority-owned businesses across Virginia that were disproportionately affected by COVID-19.
• The additional funds will support 15 or more businesses.
• They will also hire a technical assistance provider specifically for this program.

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Life Asset

Providing microloans and training to low-income entrepreneurs who are overlooked by traditional lenders and financial institutions.

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Hello Alice

No matter where you are in your business journey, Hello Alice is here to provide access to funding, tools, and resources to help you grow your business.

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Office of Veterans Business Development (OVBD)

The OVBD facilitates the use of all U.S. Small Business Administration (SBA) programs by veterans, service-disabled veterans, reservists, active-duty service members, transitioning service members, and their dependents or survivors. OVBD oversees Veteran Business Outreach Centers (VBOC), which are designed to provide entrepreneurial development services such as business training, counseling and resource partner referrals. The SBA has 22 organizations participating in this cooperative agreement and serving as Veterans Business Outreach Centers (VBOC).

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Office of Native American Affairs (ONAA)

The Office of Native American Affairs is part of the U.S. Small Business Administration (SBA). Their mission is to ensure that American Indians, Alaska Natives and Native Hawaiians seeking to create, develop and expand small businesses have full access to the necessary business development and expansion tools available through the Agency’s entrepreneurial development, lending, and procurement programs. ONAA contracts with two companies to offer entrepreneurial empowerment workshops and free technical assistance.

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Office of Women’s Business Ownership (OWBO)

The OWBO is part of the U.S. Small Business Administration (SBA) and helps women entrepreneurs through programs coordinated by SBA district offices. Programs include business training, counseling, federal contracts, and access to credit and capital. The OWBO oversees Women’s Business Centers (WBCs). These centers seek to level the playing field for all women entrepreneurs, who still face unique obstacles in the business world.

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SCORE

SCORE, the nation’s largest network of volunteer, expert business mentors, is dedicated to helping small businesses get off the ground, grow and achieve their goals. Since 1964, SCORE has provided education and mentorship to more than 11 million entrepreneurs. SCORE is a 501(c)(3) nonprofit organization and a resource partner of the U.S. Small Business Administration (SBA).

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