The Michael Scott Mater foundation has partnered with Accion USA, the national leader in microlending in the United States. The partnership hopes to open up $500,000 of capital within the first year that will be available for entrepreneurs as a resource needed to ensure their sustainability. With the partnership Accion will not only bring along with them the capital needed to meet the needs of entrepreneurs, but an extensive credit knowledge and twenty years of experience in lending. This is a new exciting opportunity for Charlotte entrepreneurs as they will be able to have their capital needs meet with the backing of Accion USA while also being able to receive extensive business support from the Michael Scott Mater Foundation who have made their home in Charlotte, NC. The plans between the new partnership hopes to be able to extend a lending hand to 3,000 entrepreneurs in the United States within the first three years with an anticipated $500,000 available throughout the first year and an average loan amount averaging around $9,000.
With the new partnership the Michael Scott Mater Foundation hopes to extend its lending boundaries all throughout the state helping hundreds of entrepreneurs realize their dream and create a sustainable business.
Interested entrepreneurs should sign up for an information session at http://www.msmf.org/Micro-Loan-Initiative.php or call (980) 207-3260.