ABOUT THIS PROGRAM

The Harlem Entrepreneurial Fund (HEF) is an economic development initiative designed to help small businesses by providing loan capital and technical assistance.

The commercial loans will provide gap financing to local businesses that intend to create permanent jobs and provide meaningful employment opportunities.

BASIC ELIGIBILITY

• Bronx and Harlem-based small business
• Three to four year track record
• Start-ups may be considered
• New York State organized entity
• A business plan
• Good credit score

PRODUCTS AND SERVICES FOR ELIGIBLE BORROWERS

HEF offers to eligible borrowers:

• Loans up to $25,000
• Low interest rates
• One to three year loan terms
• Accounting and business literacy seminars
• Small business financial management
• Provider referrals

Click here to download HEF application.