Financial Assistance

Learn how to get a small business loan of up to $50,000

Women-owned businesses are growing exponentially, yet they produce less revenue than male-owned businesses and part of the reason is under-funding. Women who do receive loans generally find the risk well worth the reward. We can help you determine if it’s right for you.

WEDC Micro Loan

WEDC and the Business Outreach Center’s (BOC) Network with its BOC Capital Corp. are collaborating to provide clients with $500-$50,000 microloans for their small businesses. WEDC’s partner, BOC Capital Corp, is a not-for-profit Community Development Financial Institution (CDFI) and a certified Community Development Entity (CDE) dedicated to providing micro-enterprise financing, with a special focus on small-business, women, minority and immigrant entrepreneurs. Contact Veronica Bazan at vbazan@wedcbiz.org or download an application

Kiva Zip

As a Kiva Zip Trustee, WEDC is authorized to recommend potential borrowers for this on-line, interest free crowdfunding platform.  If you are a WEDC client, you may be eligible for interest free loans up  to $2500.  For additional information about Kiva Zip click here.  If you are interested in a Kiva Zip loan, please Contact us at info@wedcbiz.org.

The WEDC Scholarship Program

WEDC offers a limited number of scholarships to qualified WEDC graduates in subjects related to their industries. The number and amount of these scholarships are limited (generally between $200-$400 each). This program is made possible by a grant from EILEEN FISHERDownload an application NOW!

Additional Sources for Business Financing

NY Business Development Corporation (NYBDC) is a complement to conventional banking, working in partnership with banks to provide term loans, many of which do not meet the requirements for traditional financing. NYBDC also manages the Empire State Certified Development Corporation which is otherwise known as The 504 Company.