"The success of mentoring occurs when
the mentor and protégé see the
growth
and development of the
protégé’s business
each step of the way."
-- Mentoring: The Women,
The Work, The Effect
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Business Lending:
CAP Services has established a subsidiary, Community Assets for People LLC (CAfP) to provide loans to new or expanding businesses.
CAfP has three loan funds:
Micro-loans (under $25,000)
Limited to low-income entrepreneurs (income under 80% pf County Median Income);
Current interest rate 8%. Rates may change based upon underwriting critera and lender
participation and must be approved by the CAfP Loan Committee.
Loans will be for a maximum term of five years although requests for a longer amortization
period will be considered on an individual basis; and
All loans must be approved by the CAfP Loan Committee.
Business Loans (over $25,000)
Limited to low-income entrepreneurs or businesses committing to hiring low-income people
Current interest rate 6% or higher, depending on underwriting.
Loans will be for a maximum term of ten years although requests for a longer amortization period
will be considered on an individual basis; and
All loans must be approved by the CAfP Loan Committee. Loans over $100,000 must also be approved
by the CAfP Board of Directors.
Value-Added Loans
Limited to value-added businesses that export goods or services outside the six county area
and create new wealth.
Current interest rate 6% or higher, depending on underwriting.
Loans will be for a maximum of ten years although requests for a longer amortization period
will be considered on an individual basis; and
All loans must be approved by the CAfP Loan Committee. Loans over $100,000 must also be approved
by the CAfP Board of Directors.
For more information, contact:
Nancy Ross, Business Development Coordinator
715.343.7135
nross@capmail.org
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