IS THIS FOR ME
Loan Eligibility
- Age 18 and older
- Owner or future owner of a small woman owned, or woman centered business
- Meet all federal, state, and local business regulations
- Be current on all sales and income taxes
- Cannot be a relative of an employee or board member of Lift Women’s Foundation or IHMVCU
Guidelines
- Loans are available to woman owned or woman centered businesses such as, but not limited to:
- Licensed childcare and education sites
- Hair salons
- Clothing stores
- Gardening and yard work
- Help at home businesses – for disabled and/or elderly
- Cottage food industry businesses
- Other enterprises that are aimed to empower local women entrepreneurs
- Eligible loan purposes
- Licensure expenditures
- Operating expenses: accounting, online/website expenses
- Equipment – new or repair
- Expenses to establish and/or grow a business
- Inventory purchases such as:
- products for women such as wigs, weaves, skin products
- ethnic attire, shoes, undergarments for those hard to fit
- Loan can be made up to $10,000
Applications
- Applications are accepted on an on-going basis
- Packet to include:
- Business Plan including a minimum of one year projection income/expenses (profit/loss statement)
- One year of business and personal tax returns (as applicable)
- Small business loan application
- Evidence of business ownership
- Proof of Insurance/Insurance Certificate (if applicable)
Still unsure or are you ready to apply? We are here to help you along the way. Let’s connect soon!