Business Loans will enable borrowers to purchase machinery, equipment or inventory, access working capital, or undertake building improvements.
Technical Assistance Loans will allow borrowers to pay for specialized services in accounting, marketing, information technology or other areas that will position their businesses for growth.
Family Child Care Program Loans will cover the cost of insurance, equipment, licensing and other business-related costs of home-based early educators and transportation providers.
Family Child Care Personal Loans will allow home-based early educators and transportation providers to cover personal emergencies that may affect their ability to work for a temporary period.
Professional Development Loans will enable home-based early educators to attend the annual National Association for Family Child Care (NAFCC) conference.
We make it easy for you to make your loan payments by setting up automatic deduction from your bank account.
Your credit score will improve. We have a track record of helping people achieve meaningful increases in their credit score.
A higher credit score will in turn improve your eligibility for larger loans that your business may need, which JPNDC Small Business Services can help facilitate.
All borrowers must:
All borrowers who are NOT home-based early educators must:
All borrowers who are home-based early educators must:
Complete an Intake Survey by phone. Please contact Small Business Services Associate Carina Lopez (firstname.lastname@example.org or 617-522-2424 ext. 261) to set up a time.
Complete the JPNDC Microloan Fund Application Form that will be emailed to you after your Intake Survey.
Provide the following documents: Table of debts from the business; 2 years of personal tax returns; and Table of personal debts.
Our borrowers achieve financial stability
Our borrowers improve their credit.
The entire fund is used to lend to as many borrowers as possible.
JPNDC inherited the fund (formerly the Urban Edge Micro Loan Fund) from Urban Edge in January 2018.
As of June 2018, the JPNDC Microloan Fund has a balance of $100,000.
During the Fund’s first year, we loaned $88,000 to 33 borrowers.