Micro Lending Program
Struggling to finance your business?
Already been rejected by the banks?
Can’t seem to get the capital you need?
Join LAEDA’s Micro Lending Program!
Capital for a business is like the air we breathe; if we don’t have it we die. In the same way, a business needs capital to survive and grow. Our lending program is for entrepreneurs who have not fully developed their “borrower profile” and need help with getting ready to borrow.
You’re not alone in the borrowing process; you’ll receive financial & credit coaching and insights into the lending process on your path to a small commercial loan. LAEDA’s lenders will explain how your profile affects the lending decision and what you need to do to be successful.
PARTICIPATE IN THIS PROGRAM TO:
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Learn how to apply for a commercial loan from the lenders point of view
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Receive intense financial coaching in the areas of personal and business budgeting
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Learn how to make heads or tails of their credit report
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Receive coaching on how to manage their credit through a Credit Action Plan
PREREQUISITES
THOSE WHO WISH TO APPLY SHOULD HAVE:
Successfully completed one of our multi-unit courses
LAEDA hosts several multi-unit programs. They include the Entrepreneurial Development Training Program, Turning Your Hobby Into a Business and the Quick Start Series.
Attend a mandatory information session
LAEDA schedules information sessions periodically, based on program interest. If you are interested in the program, complete a contact form and place “Join Mailing List” in the subject line. We’ll add you to our mailing list.