LVEDC recognizes that minority and women-owned businesses have unique needs. Overcoming cultural differences and accessing capital can be challenging. Fortunately, the Lehigh Valley has several resources to help you achieve your goals.
To find out more about how the Women and Minority Business Opportunity Council can help your business grow contact 610-266-6775 or firstname.lastname@example.org
PMBDA offers low-interest loans to businesses that are owned and operated by minorities. There are minimal restrictions on the type of businesses that may apply for loans. Interest rates are one-half of prime but not less than 4 percent. Maximum loan amount is $500,000 or $750,000, depending upon whether the business is located in a targeted area and depending upon the nature of the business.
Established in 2001, The Rising Tide was created to meet a need for accessible financing options to business owners whose risk factors make it difficult to obtain funds from traditional lenders.
The study was commissioned by the Latino Economic Council (LEC) of LVEDC as part of a larger effort to increase the visibility and success of Latino business owners and professionals in the region. The Lehigh Valley Workforce Investment Board, Greater Lehigh Valley Chamber of Commerce Foundation, LVEDC, Air Products Foundation, Sovereign Bank and PPL provided the funding for the study.