Provides capital to District small businesses and entrepreneurs who continue to encounter reductions in the availability of credit and heightened requirements to obtain financing. Provides funds for deposit with participating lender to provide necessary collateral to cover the borrower’s collateral shortfall. Maximum of 50% of commercial loan up to $1 million.
Site Type
Eligibility
Non-public company in the District with principal offices in the District;
Fewer than 750 existing employees;
At least 25% of employees must be District residents;
Must provide personal guaranty.
External URL
Target Geography