About Rising tide community loan fund
Rising Tide Community Loan Fund: Empowering Small Businesses in Lehigh Valley
Small businesses are the backbone of any economy, and the Lehigh Valley is no exception. However, starting and growing a small business can be challenging, especially when it comes to securing funding. This is where Rising Tide Community Loan Fund comes in - a non-profit organization that provides loans and technical assistance to small businesses in the Lehigh Valley.
Rising Tide Community Loan Fund was founded in 2000 with a mission to support local entrepreneurs who may not have access to traditional financing options. The organization's goal is to create economic opportunities for underserved communities by providing affordable capital and resources that help small businesses thrive.
One of the unique aspects of Rising Tide Community Loan Fund is its focus on community development. The organization works closely with local partners such as community organizations, banks, and government agencies to identify areas where small businesses need support. By collaborating with these stakeholders, Rising Tide can tailor its services to meet the specific needs of each community.
Rising Tide offers several loan programs designed for different stages of business development. For example, their Start-Up Loans provide up to $25,000 for new businesses that have been operating for less than two years. Meanwhile, their Growth Loans offer up to $250,000 for established businesses looking to expand or purchase equipment.
In addition to loans, Rising Tide also provides technical assistance through its Business Development Services program. This includes one-on-one coaching sessions with experienced business advisors who can help entrepreneurs develop business plans or improve their financial management skills.
Another key aspect of Rising Tide's work is its commitment to social impact investing. The organization seeks out investments that not only generate financial returns but also create positive social outcomes such as job creation or environmental sustainability.
Overall, Rising Tide Community Loan Fund plays an essential role in supporting small businesses in the Lehigh Valley region by providing access to capital and resources that might otherwise be out of reach. By empowering local entrepreneurs, Rising Tide is helping to build a more vibrant and resilient economy for everyone in the community.