WE BELIEVE EVERY PERSON DESERVES ACCESS TO CAPITAL AND BUSINESS SKILLS.
To serve low-income and minority populations by providing lending capital and technical assistance to facilitate small business expansion and job creation in underserved Harlem, Washington Heights, Inwood and Bronx communities.
We are committed to the success of women and minority small business owners. We listen to what they need to provide access to capital, resources, and technical assistance.
The Harlem Entrepreneurial Fund (HEF) was established in 2007 by the Harlem Commonwealth Council to provide low-income and minority entrepreneurs with supportive loan capital and technical assistance in Harlem, Washington Heights, Inwood, and the Bronx. Lending operations began in the summer of 2008 and HEF was certified by the U.S. Treasury Department as a Community Development Financial Institution (CDFI) in 2012. Since inception, HEF has originated 220 loans for over $3 million and helped to create or retain over 500 local jobs. HEF has successfully raised over $1.5 million in grant funding from public and private institutions.
Our Entrepreneurial Impact Pillars
Access to Resources
Access to Capital
Access to Technical Assistance
Who We Serve
HEF provides affordable loan capital to minority small business owners in Harlem, Washington Heights, Inwood and the Bronx.
WE HELP SMALL BUSINESSES DETERMINE THE BEST PRODUCTS AND SERVICES FOR BUSINESS GROWTH
Our Community and Business Impact
from 220+ loans facilitated
new jobs created and retained