Ensuring the success of minority and women-owned businesses through capital and technical assistance.
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Nearly $11 million
in loans to businesses
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90% of Loans
disbursed to minority or women-owned businesses
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1,500 Jobs
created or retained
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Over 900 hours
in Technical Assistance programs for small businesses
Access to Capital
HEF is a community lender that provides affordable loans between $500 and $250,000 to women and minority-owned businesses in retail, food & beverage, professional services, construction, technology, and other industries. Our partnership with the Small Business Administration (SBA), NYC Small Business Services, and other organizations, continues to expand our ability to support a growing number of businesses in our community.
As an added service HEF offers financial coaching to our small business participants.
Types of Loans
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HEF Small Business Loan
Grow your business with the HEF Small Business Loan. This loan provides low-rate financing up to $250,000.
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SBA Microloan
The microloan program provides loans up to $50,000 to help small businesses and certain not-for-profit childcare centers start up and expand.
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Empire State Small Business Revolving Loan Fund
A major obstacle business owners encounter is the lack of capital needed for growth. However, there are several options business owners can explore to raise capital.
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HEF Small Business Growth Fund
Designed for new and existing businesses in NYC, this new loan product offers no minimum credit score, loans ranging from $2,500 to $25,000, a fixed rate of 6%, and a 3-year term.
Access to Technical Assistance
We believe entrepreneurship is a powerful tool that can create jobs, close the opportunity and equity gap, and transform communities, and we are committed to providing the technical support that business owners in our neighborhood and surrounding areas need to thrive.
Technical Assistance Programs
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Opportunity for Growth (OFG)
Opportunity for growth is a four-month business education program utilizing Interise’s Streetwise ‘MBA'™ curriculum designed to accelerate the growth of businesses owned by minorities and women.
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Growth Path
Growth Path is a business advisory service designed to deliver hands-on expertise to minority and women owned small businesses in areas of financial management, human resources, sales, and marketing.
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NYC Business Solutions Center
We operate the Upper Manhattan and Washington Heights centers on behalf of Small Business Services (SBS) to help businesses open, operate, and expand in New York City.
“I have found HEF to be a very nurturing partner. They were easy to work with, understanding of our situation, and committed to helping us achieve the growth we are poised for.”
Karl Franz Williams
Founder & CEO, Uncle Waithley’s