TYPES OF
BUSINESSES SERVED
*
Low-to-moderate income individuals
* Refugee and immigrant entrepreneurs
* Entrepreneurs with disabilities
STAGES OF BUSINESSES
*
Business in all stages, from the
idea stage through startup and beyond
* Established businesses needing assistance or wanting to expand
FUNDING
USES
* Loans
through Small Business Loan Program (SBLP)
* Grants
through matched savings program—Individual Development Accounts
FUNDING
RANGE
*
$500-$5000
APPLICATION REQUIREMENTS
*
Strong commitment to the business
and its development
* Business plan required for start-up businesses with financial
projections
* Strong commitment to managing the credit provided
* Can demonstrate ability to repay the loan
RESOURCES PROVIDED
* Orientation
sessions for potential applicants
* 6-week business planning course
*
Business consulting
* Financial literacy training
* Credit review for applicants
LAP Website:
www.lincoln-action.org