Running a small enterprise in the Covid-19 era requires adapting rapidly. Emerging consumer patterns, physical infrastructure requirements imposed by social distancing practices, and e-commerce capabilities will need to be fully integrated in the day-to-day operations of small enterprises. To successfully adapt, businesses need capital resources. Capital means resilience.
In partnership with Wells Fargo, City First Enterprises has launched the Resilience Capital Loan to mitigate the unsettling financial impact of the ongoing pandemic among our small businesses.
This 0% interest rate loan product is aimed at providing low priced, patient capital to viable small and mid-sized enterprises in need capital immediately to relaunch and/or support existing operations. [1]
Other terms include:
- Target market: Small businesses in Washington, DC.
- Interest Rate: 0.00%
- Amount: up to $30,000
- Maturity: 18 – 24 moths
- Uses: capital to reopen business and/or relaunch operations.
To inquire about the application process, please contact your lender at CFE or directly at partnerships@cfenterprises.org or
via phone at (202)-745-4490.
[1] All loans are subject to CFE small business underwriting criteria.
