Business Loan Connection Offers Affordable Small Business Loans for Women and Minority Owned Businesses
Today, more than ever, women and minorities are jumping into the entrepreneur shoes and building a business they can be proud of. The contributions to communities through these endeavors are a certain boon to the wellness of the area. Small business loans in the Finger Lakes region are available for both women and minorities with enticing rates and payment requirements.Operating a small business is a dream that can more easily become a reality with some of the special programs designed especially for these groups and we are excited to show you the options available through our lenders.Small Business Loans in Tompkins County for Women and MinoritiesWomen and minorities have historically been at an economic disadvantage, especially when it comes to starting and operating a company. Financial institutions generally have strict requirements for lending to begin with, and the lack of assets and capital can make it both expensive and difficult to borrow. Millions of small businesses operated by these groups struggle to gain an edge in a competitive market and grow as a result.While banks operate for the sake of profit, and are largely unable to help with this, credit unions are created to serve their communities. For this reason, the credit union partners of Business Loan Connection are proud to offer minority business loans and small business loans for women. By empowering you to grow your company, the community becomes a better place as well.How You Can Use These FundsWhether you need an infusion of capital to help cover a large order, purchase supplies, or acquire equipment, this specialized program can help. It’s also ideal if you need to renovate your venue or make upgrades, to take your establishment to the next level. Use the funds in whatever way will prime your company for growth.Easier Terms and ConditionsEasier Qualification- This type of financing is designed to help those who might not otherwise be able to get the capital needed to grow their companies. As such, it’s easier to qualify.Low Interest Rates- The interest rate is capped at four percent, to make it much easier for emerging entrepreneurs to pay off their balances.Longer Terms- Depending on the amount of capital needed, you may be able to take up to five years to pay the balance in full.Extensive Capital- You may be able to borrow as much as $50,000.Versatile- There are very few restrictions as to what the funds can be used on, so you can apply them to the areas that will impact your company the most.Take The Lead in Your CommunityA dream is just a dream if you don't take action. The longer you sit on an idea, the more reasons you will find to not make it happen. Don't let this happen to you and your future business. Take a good look at your idea, learn how to devise a proper business plan (remember our Resource page) and take full advantage of all that is offered here in our State.Business Loan Connection knows the struggle many would-be business owners encounter and we want to show you how, with the help of our small business loan lenders in Central, NY, you can obtain the financing you need today to get your start-up off the ground or to build an existing business.We understand that the process may seem daunting, but with our expert lenders, we will walk you through each part as expeditiously as possible and have you soon on your way to making your dream a reality.Contact our lenders today for more information.