As you know we here at the Afro Caribbean Business Network want to make sure that you are able to access Black Entrepreneurship Loans. We believe our process for the microlan that we have put together is a great stepping stone to bigger funds. Our Black entrepreneurship loan ranges between $500 to $25,000. Terms for the loan can be up to 5 years (60 months) and the interest rate is prime + 1.25 (current prime is 2.7)
Before applying for any Black entrepreneurship loan keep in mind the things you will be asked to present, depending on the track you decide to apply for.
Items needed from business for ACBN Microloan
- Articles of Incorporation
- Business Plan
- Cash Flow Projections
Items needed to apply from Lead Applicant for ACBN Microloan
- Recent Credit Report
- Notice of Assessment
- Resume or Short Biography
- Identification (Driver's License, Health Card etc.)
Some Black entrepreneur loans will ask for additional information but rest assured the items above are part of them. If you need any help with funding above $25,000 please touch base with us. Under $25,000 we have you covered, sign up today to become a member and we will help you get the funding you need.