Sunday, December 14, 2008

SCORE Lancaster Micro-loan Program


SCORE has a program to help small businesses in the city of Lancaster.

If you are looking for money to help grow or start a business in the City of Lancaster, PA, SCORE may be able to help improve your chances for success. SCORE counselors can prepare you to compete strongly for micro-loans funded by the City by helping you with your business plan.

Here’s how it works: the City wants to invest in business formation and growth by providing ‘seed money’ to get things started. Microloans from $1,000 to $10,000 are available now.

SCORE and the City have formed an alliance that is designed to prepare owners of small businesses to plan effectively and to win these loans from the City.
Participants work with SCORE counselors, complete business workshops and develop business plans. A SCORE Review Board will evaluate and help guide business plans aimed at micro-loan application. When preparation and qualifications are complete, SCORE arranges for loan application presentations to the City. SCORE will also work with the client for up to two years after a successful application.

Counseling and mentoring are free from SCORE members -- experienced business men and women and trained counselors. Participants pay only workshop fees – no more than $100 in all.

SCORE can’t guarantee you a City loan, but participation in the SCORE program sure will improve your chances. And you may find that – even without a City loan – your business plan can succeed.

For more detail about the City micro-loan program, go to http://www.scorelancaster.org/ and click on the micro-loan link … or call SCORE at 717-397-3092.

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