The lending circle
EXTRA BENEFITS FOR COMPLETING OUR LENDING CIRCLE PROGRAM
The Small Business Incubation Program is partnering with Prestamos, a well-known CDFI and subsidiary of Chicanos For La Causa. When a participating business successfully competes the program and fulfills the lending circle component they are eligible for some great benefits in addition to increasing their credit score.
Businesses that participate in the Lending Circle will be paired with mentors from the diverse chambers to work with them throughout the 6-month program. These mentors will help participants learn through their personal experiences and expand their network.
Matching Grant for Operating Expenses
Depending on your monthly contribution ($250 or $500) businesses will be eligible to receive a matching grant to be used towards operating expenses such as rent, supplies, marketing, payroll, licensing, etc. This is a FREE match awarded through the city of Las Vegas for participating in this program.
Secured Loan for Twice the Amount of your Savings
Depending on your overall Lending Circle contribution ($1,500 or $3,000) businesses will be eligible to receive a secured loan for twice the amount of their savings. This loan will continue to help build the business owner's credit score to access products and services needed to boost your business and further access future credit opportunities.