HEF Small Business Growth Fund

Harlem Entrepreneurial Fund Small Business Growth Fund
Our latest loan product is dedicated to empowering entrepreneurs across NYC by offering flexible loans up to $25,000 at a 6% rate for 3-years. This loan program is uniquely designed to support startup and growth businesses.

Loan Product

Name: HEF Small Business Growth Fund

Loan Amount: $2,500 – $25,000

Rate: 6% fixed

Term: 3 years

Uses: Working Capital

Eligibility Requirements
- Must be located and operating in NYC
- No charge-offs, or bankruptcies within the last 3 years
- All industries except (gambling, liquor stores, taxi operators, pornography, etc.)
Application Requirements
- Three most recent business and personal Bank Statements
- Personal Guarantee
- Valid government issued ID
Disclaimer : All loans are subject to HEF review and approval. Loans will be processed on a first come first served basis while funding is available.

Upon loan approval, a business consultation with NYC Small Business Solutions Center (pre – post closing assistance) is required.
Application
Business Name and Doing Business As/DBA*
Business Address*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Business Social Media Handles*
Business Tax ID/EIN#*
Primary Email*
example@example.com
Primary Phone Number*
Please enter a valid phone number.
Principal(s) First & Last Names and Titles*
example: John Doe, Primary Principal & Jane DOE, VP
Home Address*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Please provide a brief description of the business (Please include business structure (e.g sole proprietorship, LLC’s), services or product offered, who does the business sell to, major clients, vendors, and unique business proposition)*

0/500
How many owners are in the business and their percentage of ownership (provide details of all owners)*

0/150
How will the business utilize the loan proceeds?*

0/500
# of Full-Time Employees*
# of Part-Time Employees*
What was your business gross revenue for fiscal year 2023?*
If not applicable, please enter "0" in the field.
What was your business expense for fiscal year 2023?*
If not applicable, please enter "0" in the field.
What was your net profit/loss for fiscal year 2023?*
If not applicable, please enter "0" in the field.
Provide detail of increase/decrease in revenue, expense, and net profit/loss for fiscal year 2023 *

0/500
Please download this Debt Schedule Template to complete the next question.
What are the business debt obligations (complete debt schedule)?*

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Please download this Projections and Spread Template to complete the next question.
Please upload your completed Projections and Spread.*

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Attachments
Three most recent business bank statements *

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Three most recent personal bank statements *

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A copy of last two years Federal Business Tax Return or Personal Taxes with Schedule C attached (if applicable) *

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A copy of your valid government issued ID*

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Credit Check Authorization

You understand that by submitting this application "I AGREE" below you authorize Harlem Entrepreneurial Fund (HEF) to access your credit Report/Score.

I/We authorize Harlem HEF and/or its agents to make any investigations of credit either directly or through any agency, lender, governmental entity or other third-party which has credit or related information. I/We agree that this application and any attachments shall remain HEF's property whether or not the loan is granted. I/We hereby certify that all information contained in this document and any attachments is true and correct to the best of my/our knowledge. Should it come to my/our attention that any information is inaccurate I/we will immediately notify HEF and provide the correct information. In addition, it is understood that neither HEF nor its agents will directly benefit from this relationship. HEF does not warrant or guarantee in any manner that its assistance will result in business success. I/We specifically waive and release any claims now or in the future regarding the assistance provided by HEF and/or its agents.
I AGREE
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Harlem Entrepreneurial Fund Small Business Growth Fund

Application

Attachments