Office of Minority and Women’s Business Enterprises (OMWBE)
- The funds may be used for expansion, real estate acquisition, working capital, equipment purchase, improvements, lines of credit, debt refinancing – depending upon bank approval.
- Interest rate up to 2% below the market rate; terms up to 10 years; Maximum loan amount is $1 million
- There is a separate Linked Deposit Program for Veterans.
Contact Name: Gerald Ballard, Management Analyst