Non-Profit Profile: CAMBA Economic Development Corporation

http://www.camba.org/

Their Mission statement:

“CAMBA’s scope of services allows us to accomplish our dual mission of: (1) enabling low income individuals and families to become economically and socially self sufficient; and (2) stabilizing and expanding the economy of Brooklyn by working with local merchants and entrepreneurs and encouraging economic development.”

Focus:

• Brooklyn
• Small Business, Start-ups, Local Entrepreneurs
• Equipment, Working Capital, Account Receivables and Purchase Ordering Financing
• Start-up and Restaurant Financing
• No financing for: Real Estate, Debt Consolidation or Inventions

Requirements:

Business Viability

Loans:

• Loan Size: $500-$15,000
• Interest Rate: prime plus 4%
• Application Fee: $25
• Closing Fee: $25

Other Services:

• Technical, Legal and Training services
• Grants, Business Improvement Districts (BID)