Dr. Eve Hall, president and CEO of the African American Chamber of Commerce recently conducted an information session to introduce the organization’s new Revolving Loan Fund. The session was held at the Milwaukee Urban League, located on 435 W. North Ave. The Revolving Loan Fund is a new service offered by the chamber designed to award loans from $5,000 to $25,000.
The fund is a collaboration with the Wisconsin Economic Development Corporation, Wisconsin Business Development, Associated Bank and local community partners to increase access to capital and to develop partnerships with existing and start-up minority businesses. The fund is a pool of money that provides clients with financing often used for start-up or expansion. Details of the process and qualifications was presented by Edward Bryant and Seyoum Mengesha.