Lending Programs to Fit You

GNEC offers lending programs to help business owners who struggle to access capital apply for and secure loans at competitive rates. Our lending programs are funded by various sources, offering a wider range of flexible terms tailored to help entrepreneurs grow. Approved borrowers can access a fixed rate of 5.99% with no prepayment penalty. See which program best fits your needs.

GNEC DreamMaker Business Loan Services Image - Business owner clothing

DreamMaker Loan

Provide loans that range
between $1k to $30k.

Who is this for?

For micro-entrepreneurs seeking capital. The funds can be used for inventory, equipment purchases, etc. Final decisions are determined by our internal credit committee.

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GNEC Business Builder Business Loan Service - black woman owner

Business Builder Loan

Provide loans that range
over $30K to $100K.

Who is this for?

This loan is usually for seasoned entrepreneurs looking to expand their business. Final decisions are determined by an external credit committee.

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All loans start off from these two programs above. Please apply accordingly.

Testimonials

“The people were just super helpful, It wasn’t scary, they were very clear on what info they needed, they held your hand through the process and yeah it was very seamless. I was really real shocked and pleasantly surprised”

Michelle Bradley, Javas Compost

“There’s always a reason to not do it so if you don’t get started then it just wont happen. The key is to learn from those mistakes and if you don’t know the answer it doesn’t mean you’re not doing a good job.”

Kimberly Butler, Butler Catering

“They helped me with everything. You guys were amazing, everybody in the company was so beautiful to me. I have no other words than to say thank you…. I think it was a beautiful opportunity for the LGBTQ community.”

Eryn Santos, Atelie Eryn Santos

“I applied in a bank and unfortunately they were not giving me what I was looking for….. Then I actually found out about GNEC and the process with GNEC was so easy and the people I dealt with were very nice and the info was not difficult to work with.”

Hilda Mera, S&A Auto Repair

“I could only speak of my own experience from years of dealing with other people. I believe that GNEC is a sincere partner to collaborate. They are interested in seeing you grow. They’re interested in your success.”

Jason Martin, JM Multimedia Group

“Without that loan I would not have been able to get that far that fast.”

Jayda Audrick, Elevate Lounge

“They gave us the opportunity to package our product, buy our materials and set us up for success.”

Jessenia Silverio, The Banana Leaf

“Believe in yourself, love what you do and everything will come true.”

Eryn Santos, Atelie Eryn Santos

“I didn’t have to pay back the loan in a month. I had a year to just pay interest at a very low rate.”

Hilda Mera, S&A Auto Repair

Different Method to Underwriting Loans

As a Community Development Financial Institution, we approach lending differently than traditional financial institutions. We do not just examine and make decisions based on credit scores but specialize in ways to help clients who may have difficulty accessing capital from traditional means. We assist entrepreneurs to grow economically stable businesses by helping them secure access to funds. Additionally, we provide the resources and know-how to close the racial funding gap to help make our clients bankable.

All loans will undergo an underwriting process.

If you have questions, feel free to connect with our team or visit our FAQ.

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A Profile of Our Clients

Over 295
loan clients

since 2012

92%

Minority clients

54%

female clients

Average Loan Size

2022 | $ 21,627

2023 | $ 22,627

2024 | $ 30,638

Since 2012, loans have been made to entrepreneurs with the following income levels:

37%

Low

23%

Moderate

27%

Middle

17%

Upper.

Entrepreneurs use loans for some of the following purposes:

  • Business expansion
  • Inventory and supplies
  • Equipment purchases
  • Leasehold improvements
  • Working capital
  • Job creation
  • Advertising and promotions
  • Payroll

GNEC Loan Feedback

Here are some comments from a few businesses who have received loans from GNEC.

Loan Calculator Tool

Figure out your estimated payment the easy way.

GNEC FAQ

Fund FAQ Tool

Learn more about the loan process.

Tools to Start Your Financial Journey

Technical Programs to Fit You

GNEC offers you resources such as bookkeeping, accounting,
website support and more to help create a sustainable business.

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Success Stories

Jessenia Silverio

Inspired by the notion that food brings everyone to the table, she uses it as an opportunity to serve as a communal historian of Puerto Rico through her business, The Banana leaf.

More Success Stories