The District’s Division of Small and Native Enterprise Improvement company and Life Asset, a monetary establishment that makes a speciality of microloans based mostly in Northwest, have partnered to launch the District Capitalized Micro-Line of Credit score pilot.
Life Asset will award every certified enterprise as much as $10,000 at 6% curiosity for a one-year time period with the choice to resume. The pilot will initially give attention to District-based small companies which might be Made in DC licensed, CBE licensed or function a licensed enterprise that gives cleansing, landscaping, childcare or sustainability providers.
The launch and utility info session occurred on July 6. The Software Info session will happen on July 10. For extra info, subscribe to electronic mail updates at bit.ly/MicroLOCpilotAlerts.