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.Read More: The Fountain Fund
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.Read More: WENYC
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
What to expect: The class offered via this program was amazing. You walk out with a business plan, connections, and resources to get started!
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.
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.
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.Read More: Baltimore Community Lending
They also provide ShopHer, a pop-up incubator for 15 female entrepreneurs who own businesses in fields such as the arts, clothing and jewelry inspired by products from the USA, Uzbekistan, Africa, Mexico, and other global areas.Read More: Washington DC Women’s Business Center
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.
This co-working space is designed to provide support and opportunities for women and minority-owned businesses and was acquired by WACIF in 2021.Read More: The Hive
Provides microloans and technical assistance to minority owned and small businesses in the Appalachian region of Virginia.Read More: Appalachian Community Capital
Will provide Alternative Lending Products & Technical Assistance for Underinvested Small Businesses in the Greater Richmond Region.Read More: Bridging Virginia
Will provide loans and microgrants for small businesses to help start and grow emerging enterprisesRead More: Community Investment Collaborative (CIC)
The center will create a $575,000 revolving loan fund to help 45-60 low and moderate income Latino and/or other underserved businesses in Fairfax County. The center will also provide culturally and linguistically specialized technical assistance to borrowers.Read More: Latino Economic Development Center
Provide $1.5 million in small and microloans with a focus on small loans for women, minority and/or immigrant-owned businesses.Read More: Freedom First Federal Credit Union Small Business Fund
Provides business loans to immigrants, refugees, low income individuals, and people of color in Maryland, Virginia, and Washington, DC. who cannot access bank financing. They also provide training and technical assistance to borrowers.Read More: Enterprise Development Group
A business accelerator which provides training and support to emerging companies in Central Virginia
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.
A community redevelopment agency which provides microloans of $2,500 to $25,000 to emerging businesses in Bristol, Virginia, that cannot access traditional financing sources.Read More: Downtown Bristol Loan Fund
A community action agency which provides business loans to entrepreneurs in the context of broader economic development and low-income housing programs.Read More: People Incorporated
Provides coaching, mentoring, and general support for small businesses in VirginiaRead More: Virginia Highlands Small Business Incubator
Provides generalized support for startup companies in VirginiaRead More: Virginia Startup
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.Read More: Lighthouse Labs
This microlender in Fairfax, Virginia, provides microloans of $2,000 to $10,000.Read More: Community Business Partnership
This government agency provides microloans to small businesses including startups that cannot access traditional capital sources. They provide funding of $2,000 to $25,000 at 8% interest rates.Read More: Newport News Virginia Microloan Program
• 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.
This economic development agency provides microloans to small businesses of up to 40K through their Pack Fund microloan program. The loans are offered at low interest rates.Read More: Virginia’s Growth Alliance
DSLBD offers several resources that can assist in your business growth and entreprenuerial journey.Read More: Department of Small and Local Business Development
Virginia funding opportunities.Read More: Funding Assistance in Virginia
The most important step to starting a business is good planning. Fairfax County and its partners offer free support and resources to assist you.Read More: Starting a Business: Plan & Research
Maryland Funding Opportunities.Read More: Funding assistance in Maryland
Find Resources. Connect with Businesses. Navigate the Ecosystem. From funding to talent sources and everything in between, explore over 2,000 resources to build your business in Maryland.Read More: Maryland Entrepreneur Hub
Entrepreneur Support Organizations – Explore the 200+ organizations dedicated to supporting startups, nonprofits, and small businesses in Baltimore.Read More: Baltimore Entrepreneurial Support
As the first national community development financial institution (CDFI) created for the disabled community, DOF provides an array of specific financial services through targeted lending and investments.Read More: The Disability Opportunity Fund
Resources for business management, development and financing.Read More: Entrepreneurial Resources
Providing microloans and training to low-income entrepreneurs who are overlooked by traditional lenders and financial institutions.Read More: Life Asset
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.Read More: Hello Alice
list of all resources provided to any type of company doing business in Montgomery County where you can find financing sources, partnership opportunities, and more.Read More: Small Business Resource List
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).Read More: Office of Veterans Business Development (OVBD)
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.Read More: Office of Native American Affairs (ONAA)
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.Read More: Office of Women’s Business Ownership (OWBO)
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).Read More: SCORE
SBDCs are America’s nationwide network of Small Business Development Centers. A partner program of the U.S. Small Business Administration (SBA), SBDCs are hosted by universities, colleges, state economic development agencies and private sector organizations. Their mission is to help start and grow small businesses.Read More: Small Business Development Centers (SBDC)