African Development Center (ADC) – Small Business & Microloans

Funder:
African Development Center (ADC)
Deadline:
LOI Deadline:
Funding Type
Business Type
Industry
Eligible Area:
Eligible Area Notes:
Focus on underserved businesses operating in Minnesota.
Description:
ADC provides fixed-rate loans for startups and existing small businesses, including microloans (up to $50,000), small business loans (up to $350,000), SBA 7(a) Community Advantage loans, and asset-based financing for equipment, vehicles, and working capital. Loans include no prepayment penalties and complimentary post-loan technical assistance.