Harlem Entrepreneurial Fund (HEF) | Harlem Commonwealth Council



NEW WEBSITE ! Committed to Ensuring Your Success ​
At the Harlem Entrepreneurial Fund ( HEF ), we are committed to ensuring the success of our small occupation clients. Our personal refer approach makes the loan summons quick and easy as we listen to our clients ‘ passion for their business . HEF meets small business owners where they are in their business travel. We consider the character of a clientele owner, ampere well as the force of their business plan and fiscal projections .

Whether you have been established for a few months or a season entrepreneur, you may qualify for our microloan as HEF understands that tied humble loan amounts can make a big deviation for a business. fiscal Support Tailored to Your Needs HEF Loan Products HEF Microloan Overview HEF is a federally cover United States Treasury-backed Community Development Financial Institution ( CDFI ) providing micro-financing to minority small business owners north of 42nd Street .

By finalizing your business plan and provide requested fiscal and legal documents, HEF can approve you for a lend in less than a week and provide your business with financing in less than eight weeks, with loans from $ 500 to $ 150,000 available ( 1-3 year terms at 4-12 % fix interest pace ) .

HEF Microloans may be used for working capital, equipment, machinery, or inventory purchases. HEF Microloan Documents Needed to Apply

  • complete loan app with $ 125 action fee
  • clientele certificates, permits, and licenses
  • LLC publish department of commerce, signed lease, and indemnity
  • business plan and 2 years of fiscal projections
  • stopping point 2 years of income and expense projections
  • last 2 years of personal and business tax returns

Submit Your Loan Inquiry HEF Credit Builder Loan Overview humble business owners with less than perfect credit can improve their credit grudge with HEF credit builder loans. If you have a low credit rating score, HEF will give you a newly start to help you restore your credit .

typical credit builder lend interest rates can be vitamin a high as 36 %, but the matter to pace on a HEF recognition builder loan is entirely 12 % .

think of the HEF Credit Builder Loan as train wheels for your credit. HEF besides offers one-on-one guidance on continue credit-building techniques. HEF Credit Builder Documents Needed to Apply

  • complete loan app with $ 75 process fee
  • occupation certificates, permits, and licenses
  • LLC publish documents, signed lease, and insurance
  • Business executive drumhead
  • Business bank statements ( 3 months )
  • last 2 years of personal and business tax returns

Submit Your Loan Inquiry

Meet The Team

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Ericka Powell-Sinclair

Director of Loan Fund and
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E.Hamil Douglas

President & CEO of Harlem Commonwealth Council, Inc .
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Terri-Ann Smith

director and Senior Loan Officer Contact us at hef @ harlemcommonwealth.org | 212.749.0900 x119 Positioning Your business to Win Our dedication to the success of small business owners besides reflects HEF ’ second integrated approach path to micro-lending in which business and fiscal department of education are essential components of our business scheme – to prepare business owners for the trends and forces that will shape their future and military position them to win .

Record of Success









Giving the Opportunity to Grow and Scale even if a commercial enterprise owner is starting to build up their credit, capacity, and collateral, we help small clientele owners determine which products or services good fit their needs. Questions ? Call 212-749-0900 ext. 119

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