New Ventures Loan Fund
Micro-Loans up to $1,500.00 for microentrepreneurs in start-up or early development stage of a small business. Funds may be used for operating or start-up expenses, to establish or repair credit record, or expand into new markets.
Use: Primarily for individuals who have received services from or participated in training provided by Women, Work, and Community who are operating a business.
Amount: 1,500.00
Interest Rate: Based on consumer loan rate at TDBankNorth
Collateral: Business plan; re-payment plan. Personal statement and references.
Term: Re-payment over 3 to 24 months
Business plan and application required. Credit report. Loan recipients must agree to meet on a regular basis with WWC business trainer/coordinator.
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Maine Centers for Women, Work, and Community
UMA, 46 University Drive/Campus Center
Augusta , ME 04330-9410
207-621-3432
207-621-3429
evitelli@maine.edu
www.womenworkandcommunity.org

Highlights