A groundbreaking initiative has just launched in the St. Louis Metro area, setting the stage for a resurgence in entrepreneur support and economic empowerment. Grow America and the National Urban League Urban Empowerment Fund are partnering to create an unprecedented opportunity tailored to meet the capital and capacity needs of minority entrepreneurs by offering an innovative mix of business training and tailored financing solutions.
The launch of The Accelerator Fund in St. Louis signifies a pivotal moment for small business support in the St. Louis Metro area. The team, consisting of two mission-based lenders as well as dedicated community partners, are working to nurture and support a growing pool of talented minority entrepreneurs. Committed to equip these promising business minds with the tools and resources essential for their success, The loan fund provides small business financial planning and management training, access to flexible loan capital, and access to what could become valuable cash equity to small businesses- providing an ‘equity kick-start’ for entrepreneurs. This unique approach ensures that as these committed business owners reach and surpass their unique business milestones, and the loan program serves as a powerful force multiplier for their ambitions.
By introducing equity at critical stages, we are committed to help close historical financial gaps and accelerate the entrepreneurial spirit within the community. Eligible businesses can qualify for loans between $25,000- $100,000 with a blended interest rate of 6.5%. For small businesses in St. Louis looking to apply, opportunity begins now!
Apply Here: https://growamerica.org/grow-america-accelerator-fund/