GET ACCESS TO CAPITAL WITH THE

HEF Small Business Loan

Our HEF Small Business Loan Provides Funding When You Need It

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. The Harlem Entrepreneurial Fund provides women and minority entrepreneurs with supportive loan capital and technical assistance in Harlem, Washington Heights, Inwood, and the Bronx to scale their business. 

Our Community and Business Impact

$3,000,000+

from 220 total loans facilitated

Loan Terms

UP TO

$150,000 in Working Capital

 

FINANCING TERMS

1-5 Years, 4-12% Fixed Interest Rate

Loan Use

Day-to-Day Operations

​Marketing & Advertising​

​Equipment & Machinery

​Leasehold Improvements

Inventory Purchases

 

PERSONALIZED ATTENTION BECAUSE 

Your Business Goals Matter To Us

Perks of the HEF Small Business Loan

  • One-on-one support from loan officers who care

  • Agile loan processing with the ability to approve loans in less than a week and provide funding in less than four weeks

  • Low loan interest rates

Tammeca Rochester

Tammeca Rochester opened Harlem Cycle in 2016 after noticing the limited indoor cycling facilities in the neighborhood. Understanding the value of physical and mental health, Tammeca wanted to cultivate an experience in her cycling studio that catered specifically to the Harlem community.

She initially applied for a loan at the Harlem Entrepreneurial Fund in October 2016 to finance additional equipment needed to grow the studio’s vast array of fitness classes. Harlem Cycle’s business has progressed significantly employing seven independent contractors with plans to hire an additional three instructors and received an additional loan from HEF to open a new cycling studio on Harlem’s 125th Street.  In addition to the loan assistance, HEF provided 40 hours of free advisory services through its Growth Path program and Harlem Cycle experienced a 52% increase in sales since 2017. 

Tammeca Rochester has stated, “While it can be very difficult to secure a loan as a minority business owner, HEF was the first CDFI willing to provide me with the opportunity and capital needed to expand my business”. 

 

Need business financing, resources, or guidance?

Call (212) 749-0900 ext. 110

Harlem Entrepreneurial Fund

361 West 125th Street, Fl 2

New York, NY 10027

 

(212) 749-0900 x 110

info@hefnyc.org

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HEF is a United States Treasury-Certified Community Development Financial Institution (CDFI) providing micro-financing to minority small business owners in Harlem, Washington Heights, Inwood and the Bronx.

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