Committed to Ensuring Your Success

At the Harlem Entrepreneurial Fund (HEF), we are committed to ensuring the success of the small business clients we work with. Our personal touch approach makes the loan process quick and easy, as we take time to listen to the passion our clients have for their business.

HEF meets small business owners where they are in their business journey. We take into consideration the character of a business owner, as well as the strength of their business plan and financial projections. 

Whether you have been established for a few months or a seasoned entrepreneur, you may qualify for our microloan as HEF understands that even small loan amounts can make a big difference for a business.

Financial Support Tailored to Your Needs

HEF Loan Products

HEF Microloan Overview

HEF is a federally insured 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 providing requested financial and legal documents, HEF can approve you for a loan in less than a week, and provide your business with funding in less than eight weeks, with loans from $500 to $100,000 available (1-3 year terms at 4-12% fixed interest rate).

 

HEF Microloans may be used for working capital, equipment, machinery, or inventory purchases.

HEF Credit Builder Loan Overview

Small business owners with less than perfect credit can improve their credit score with HEF credit builder loans. If you have a low credit score, HEF will give you a fresh start to help you restore your credit.

 

Typical credit builder loan interest rates can be as high as 36%, but the interest rate on an HEF credit builder loan is only 12%.

 

Think of the HEF Credit Builder Loan as training wheels for your credit. HEF also offers one-on-one guidance on continued credit building techniques.

Meet The Team

Lloyd Doaman

HEF Director of Lending

Ericka Powell-Sinclair

HEF Loan Manager

E.Hamil Douglas

Senior Loan Officer

Positioning Your Business to Win

Our dedication to the success of small business owners also reflects HEF’s integrated approach to micro-lending in which business and financial education are essential components of our business strategy – to prepare business owners for the trends and forces that will shape their future and position them to win.

Record of Success

$3MILLION

IN LOANS TO ENTREPRENEURS

400

SMALL BUSINESSES SERVED IN NEW YORK CITY

10 YEARS

OF EXPERIENCE LENDING LOCALLY

Questions? Call 212-749-0900 ext. 122

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Mon - Fri: 9am - 5pm

OVER 50 YEARS OF EXPERIENCE

Harlem Commonwealth Council is an economic development corporation determined to bring economic prosperity to Upper Manhattan, Washington Heights, and Bronx residents.

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Harlem Commonwealth Council, Inc.

361 West 125th Street

New York, NY 10027

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