The U.S. Small Business Administration’s 2022 fiscal year ended on Sept. 30, and with it came some encouraging news. Local microloans jumped 57% from 2021, and here at Neighborhood Community Development Fund, our microloan volume rose from 13 to 36. In addition, 504 loans have increased by a third, from 46 in 2021 to 61 in 2022.
As an SBA Microenterprise lender, we provide start-up planning and financing for local entrepreneurs across Allegheny County. With low fees and interest rates, we can help get your dream business off the ground.
We also offer flexible, low-interest financing for local businesses. Funds can be used for working capital, purchase order financing, inventory purchase, real estate acquisition and much more.
Whether you’re starting your own business or looking to expand your existing business, we want to lend the financial – and strategic – support to turn your ideas into reality and expand prosperity in our region.
Learn more and read the article here.
By Mark Masterson, Executive Director