Mission

 The Urban Empowerment Fund (UEF) helps Minority Business Enterprises (MBE's) gain access to capital, survive, prosper, grow, create jobs, and generate individual and community wealth. 

 

Click Here To Apply

 

UEF Loan Program
 

Program Overview:

  • Loan amounts range from $25,000 to $100,000

  • Repayment term extends up to seven (7) years

  •  Fixed interest rate falls between 8 % and 10 %

  • 2% closing cost which is included in the loan

  • Personal Guarantee required for all owners with
    a 20% or more stake in the business

Eligibility Requirements:

  • Businesses must have a minimum of two (2) full years of operations

  • Demonstrated 1:1 historical global cash flow capacity

  • Must be located in New York City, Cincinnati, St Louis, and Los Angeles 

  • Personal guarantors need a minimum credit score of 620

 

 

UEF Getty Image 2

 

 

 

UEF 6 Step Loan Process

1. The Applicant completes a loan inquiry

2. UEF reviews the inquiry to determine eligibility and invites the Applicant to complete a loan application

3.  The Applicant completes the loan application

4. UEF underwrites the application

5. UEF issues a decision

6. If approved, UEF closes the loan

100%

Percentage of loans made to Minority Owned Businesses

 

58%

Percentage of loans made to Women Owned Businesses

 

$78K

Average loan size

 

Partners

 

Spectrum Grown America

 

 

 

 

 

The Urban Empowerment Fund
80 Pine Street, 9th Floor
New York, NY 10005

Loans@uefund.org  

 

 

Notice of Rights

In accordance with federal laws and U.S. Department of the Treasury policy, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to: U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employment Opportunity 1500 Pennsylvania Avenue, N.W., Washington, DC 20220; or send an e-mail to: crcomplaints@treasury.gov.