Thats when Hamil started to feel antsy. Please be specific, providing correct dates, spelling, etc. It employs 11-20 people and has $1M-$5M of revenue. Black Equity at Work Certification Program and CNote Partner to Unleash the Corporate Balance Sheet for Racial Equity, CNote Group, Inc. (CNote) is not a bank, a credit union, or any other type of financial institution. Do you have experience with this service provider? For more information on risks related to investing in our Flagship Fund Notes, please see our latest Flagship Fund Offering Circular, as supplemented (Supplement No. CNote offers securities consisting of various promissory notes (Notes) to eligible investors pursuant to Regulation A+ and Regulation D under the Securities Act of 1933, as amended. Harlem Entrepreneurial Fund | LinkedIn SSL Certificate Protection. We strive to provide our community the best possible information on finance providers. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. At the Harlem Entrepreneurial Fund (HEF), we are committed to ensuring the success of the small business clients we work with. With over 19 years of experience and an understanding of the common challenges entrepreneurs face when starting a business, Ericka has been a resource to those looking to navigate business obstacles. ABN 37150498310 COPYRIGHT 2023 ALL RIGHTS RESERVED Alternative Debt Pty Ltd. Harlem Entrepreneurial Fund. Hamil enrolled in Project Reap, where he met another participant who happened to be the director of lending at HEF (HCC manages a significant real estate portfolio). To serve low-income and minority populations by providing lending capital and technical assistance to facilitate small business expansion and job creation in underserved Harlem, Washington Heights, Inwoodand Bronx communities. Harlem Entrepreneurial Fund, LLC Company Profile | New York, NY 361 W 125th St Fl 4, New York, New York, 10027, United States. DETERMINE THE BEST PRODUCTS AND SERVICES FOR BUSINESS GROWTH. Harlem Commonwealth Council - Overview, News & Competitors - ZoomInfo Click hereAlready have an account? As we enter our 55th year serving Harlem and surrounding communities, we are proud of the continued contribution of Harlem Commonwealth Council (HCC) and its subsidiary Harlem Entrepreneurial Fund (HEF) to the economic empowerment of individuals and small businesses through education, capital access and business development resources. Reporting to the Managing Director of Lending, the SBLO will contribute to HEF's mission and vision by creating a strong portfolio of small business borrowers in Harlem, Upper Manhattan, and the Bronx. Harlem Entrepreneurial Fund - ADS.finance She has received various nominations and awards and most notably was one of the recipients of the 2019 Power Woman in Business Award. SheaMoisture and Roku Originals Announce the "The Next Black Each cohort receive 40 hours of consulting from a local small business advisor. This seven-month entrepreneurial experience will utilize the nationally recognized award-winning Interise curriculum called The Streetwise 'MBA'. Because there are few lenders in Harlem outside of traditional big banks doing PPP loans, Hamil says HEF has seen tremendous growth in its portfolio over the past 12 months. Working Capital & Equipment Purchase: Up to $15,000. Ascendus, BOC Capital, Harlem Entrepreneurial Fund (HEF), NDC, Pursuit Community Finance, Renaissance Economic Development Corporation, and Trufund, will provide . The Apollo, in collaboration with 125 th Street Business Improvement District (BID) and the Harlem Commonwealth Council (HCC), announced today the recipients of the Harlem Entrepreneurial Micro-Grant Initiative, a $20,000 program created to provide support to small and independent Harlem businesses affected by COVID-19.This year the initiative expanded its scope, providing funding to eligible . Website. The COVID-19 Small Business Recovery Loan Program was made possible by the Wells Fargo Open for Business Fund's generous funding. HEF is a United States Treasury-Certified Community Development Financial Institution (CDFI) providing micro-financing to minority small business owners in Harlem, Washington Heights, Inwood, and the Bronx. There is no tangible asset collateral available. Information provided herein is for educational purposes only and is not tailored for any individual investor or client. HCC established HEF in 2007 to provide low-income and minority entrepreneurs with supportive loan capital and technical assistance in Harlem, Washington Heights, Inwood, and the Bronx. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Most recently, Terri-Ann held positions as a Branch Manager at Investors Bank and Apple Bank, where she was responsible for initiating, maintaining, and building new depository and lending relationships. Contact | Harlem Entrepreneurial Fund - HEFNYC That experience lent itself very nicely to what Im doing here, because New York City is a diaspora of different languages and different people, especially in the village of Harlem, where we have different clients from different cultures.. Contact Blog Loan Application Thank You For Your Interest In HEF! Ericka is a Certified Economic Development Finance Professional and the Loan and Portfolio Director at HEF. The Harlem Entrepreneurial Fund, LLC is a community revolving loan fund program designed to increase the availability of small business capital loans to enhance small business expansion and help increase jobs in small business enterprises based in the Harlem community. Growth Path is a business advisory service designed to deliver hands-on expertise to minority and women owned small businesses in areas of financial management, human resources, sales, and marketing. Use tab to navigate through the menu items. READ MORE. Harlem Commonwealth Council, Inc. - GuideStar Profile E. Hamil Douglas is the President & CEO of Harlem Commonwealth Council, where he oversees the firm's daily operations. 4 Reasons to Apply for Inc.'s Second Annual Power Partner Awards, I'm Self-Employed. Past performance is no guarantee of future results, and future returns may vary. Since its inception, HEF has originated 257 loans for over $4.4 million and helped create or retain over 650 local jobs. Angel - Uber), Number of Investors: Total number of Investors in a Funding Round, Money Raised: Amount of money raised in Funding Round, Lead Investors: Name of the investor who led the investment in the funding round, Investor Name: Name of the investor who participated in the Investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Partners: Name of the individual who led a funding round for his/her firm. We encourage you to consult with a financial adviser or investment professional to determine whether or not the CNote platform makes sense for you. According to Hamil, the CDFI originates loans anywhere from $1,000 to $250,000. The Veterans Business Outreach Center (VBOC) program is designed to provide entrepreneurial development services such as business training, counseling, and resource partner referrals to service members, veterans, National Guard & Reserve members, and military spouses interested in starting or growing a small business. Here's What I Always Include in my Contracts. "This loan fund will unlock opportunities for businesses hit hardest by the pandemic by offering flexible and affordable financing to help businesses recover and grow. Information Security Standards (ISS) Subscribe for upcoming events andsmall business tips. Home Loans Traditional mortgages to consumers secured by a first registered mortgage on properties. 2), as filed with the SEC and the terms of the Wisdom Fund Private Placement Memorandum. CNote is not a registered investment advisor with the Securities and Exchange Commission (SEC) or a broker-dealer authorized by the Financial Industry Regulatory Authority (FINRA). Terri-Ann is the Director & Senior Loan Officer at HEF and joined the team in February 2021. Additionally, she was responsible for mentoring and coaching the branch team. favorite Favorites News Use the search filters to locate and learn more about Opportunity Finance Network (OFN) member CDFIs based in rural, urban, and Native communities across America. Small Business Loan Officer Job in New York, NY - Harlem Commonwealth Hamil was in turn promoted to chief operating officer, and in September 2020, he became president and CEO of HEF 19 months after first coming on board as a volunteer. Terri-Ann has worked in the financial and banking industry for over 27+ years. Although Hamil Douglas self-identifies as a reformed banker, hes appreciative of his extensive experience in the world of finance. Harlem Entrepreneurial Fund | The New York Public Library SheaMoisture develops no compromise beauty products that help every member of the Black community live their healthiest, most beautiful lives. Women and people of color in Harlem, Washington Heights, Inwoodand the Bronx looking to: HEF provides affordable loans between $500 and $250,000 to women and minority owned businesses in retail, food & beverage, professional services, construction, technology and other industries. Hours: Monday to Friday, 9am to 5pmPhone: 212-749-0900Email: info@harlemcommonwealth.org, Youth DevelopmentAdult EducationEntrepreneur Support. Ericka is a Certified Economic Development Finance Professional and the Loan and Portfolio Director at HEF. Receivables Finance Loans supported by the receivables of a company. Harlem Entrepreneurial Fund (HEF) is a Community Development Financial Institution (CDFI), established in 2008 by its parent organization, Harlem Commonwealth Council. The Harlem Entrepreneurial Microgrant Initiative is now accepting applications for $10,000 grants. Harlem Entrepreneurial Microgrant Initiative accepting - CBS News Applications Available for $75M 'Opportunity Fund' to Help Small If you are an OFN member and need to update your CDFI Locator listing, please contact our membership team. in Psychology from Fordham University and an M.P.A. June 17, 2022 | News. His solid work drew the attention of both the board and the management, who in turn offered him a position as a senior loan officer, providing loans to small businesses in Harlem, Upper Manhattan, and certain parts of Queens. Ericka helped establish HEF during its early beginnings in 2007 and is responsible for loan origination, loan underwriting, loan closings, managing portfolio records and fund performance, financial transactions, collections, and compliance with state and federal regulations. How much funding has this organization raised over time? Harlem Capital announced the closing of Harlem Capital Partners Venture Fund I, LP at $40.3 million. Ericka P. Sinclair, MBA, EDFP - Senior Director Loan Fund - LinkedIn Support for Entrepreneurs Harlem Commonwealth Council 151 to provide microgrants up to $10,000 to seed entrepreneurship and small business creation in underserved small business groups that are facing capital and opportunity gaps. Are you sure you want to delete this loan scenario? Its all part of Hamils goals for HEF to become a durable, accessible, and integral piece of the broader community, where entrepreneurs can get access to capital, technical skills, and knowledge to help them to maintain their businesses, grow their lives, and grow the economy as a whole., Interestingly especially when taking into account Hamils long tenure in the world of finance HEFs CEO wants the organization to, in a way, be viewed by its community as a mini bank, or, as Hamil puts it, Harlems Own-CDFI. I want it to be a place that people talk about when thinking about where to go to get a small business loan, he said. CNote Group, Inc. (CNote) is not a bank, a credit union, or any other type of financial institution. Investments in our Notes are not bank deposits and are not insured by the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), or any other governmental agency. We listen to the passion our clients have for their businesses andprovide them with the best loan product or business resources to grow and scale. Let us know how they helped you. We serve low-income and minority residents by providing lending capital and technical assistance to facilitate small business expansion and job creation. agreements. Population (s) Served Adults People of African descent People of Asian descent People of Latin American descent The Harlem Entrepreneurial Fund serves these communities, and we are dedicated to supporting these hard-hit small businesses, especially Minority and Women-Owned Business Enterprises. This will be automatically deducted from your ADS Coins balance. HCC established HEF in 2007 to provide low-income and minority entrepreneurs with supportive loan capital and technical assistance in Harlem, Washington Heights, Inwood, and the Bronx. The Alliance Submits Comment Letter: Greenhouse Gas Reduction Fund. Lending operations began in the summer of 2008, and HEF was certified by the U.S. Treasury Department as a Community Development Financial Institution (CDFI) in 2012, and as a Community Development Entity (CDE) in 2021. A $27 Billion Opportunity to Prioritize Environmental Equality. Harlem Entrepreneurial Fund | Small Business Loan | NYC West Harlem / Hamilton Heights / Sugar Hill. Harlem Entrepreneurial Fund - Crunchbase Company Profile & Funding CDFI Locator | OFN Get the latest business insights from Dun & Bradstreet. We'd love to hear from you. Note that OFN's CDFI Locator does not reflect all CDFIs. Without it, he likely would never have become the president and CEO of Harlem Commonwealth Council (HCC), where he also serves as the managing director of Harlem Entrepreneurial Fund (HEF), HCCs investment vehicle. Zero Defect Design LLC, Music - Harlem Jazz Clubs, Festivals, Performances & Special Events, Hallelujah Gospel Wednesday - Praise Music, Hamilton Heights & Sugar Hill Walking Tour, NYC Business Solutions - Harlem Entrepreneurial Fund, Senator Cordell Cleare Pays Tribute to Abe Snyder, the Heart and Soul of the African American Day Parade, Remembering a Champion: Senator Cordell Cleare Pays Tribute to Bill Perkins for his Unyielding Service to Harlem and the State, Harlem: Experience Its Culture Through Art, Womens History Month 2019 Series Harlem Renaissance Centennial Edition Augusta Savage: Harlem Renaissance Sculptor, Womens History Month, Art in Windows, An Art & Business Engagement. Past performance is no guarantee of future results, and future returns may vary. Learn More NYC Small Business Opportunity Fund We're excited to be an originating lender for the NYC Opportunity Fund. If you think we are missing information useful to other users or see errors on the information displayed, please let us know. Total amount raised across all funding rounds, Total number of investment firms and individual investors, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. We operate the Upper Manhattan and Washington Heights centers on behalf of Small Business Services (SBS) to help businesses open, operate, and expand in New York City. Related Articles. This loan provides low-rate financing up to $250,000. Operation HOPE - Accelerating Financial Opportunity for All Ive lived in several countries, and Ive had to get immersed in the culture, he said. Dr. Tait contends that at the end of the day, it is not about what you have or even what you have accomplished.it is about who youve lifted up, who you have made better. PDF New York, New York HEF - cdfi.org About | Harlem Entrepreneurial Fund - HEFNYC This was a Grant round raised on Apr 10, 2023. Since early this year, COVID-19 continues to have a devastating impact on the health and financial lives of vulnerable populations worldwide. Christian brings over 15 years leadership experience in business development, program management, as well as technology management to the role, across public, private and not for profit sectors. Harlem Commonwealth Council Ayesha Codrington is an experienced financial accounting professional with 15+ years of experience working with non-profits such as Upper Manhattan Empowerment Zone and Brooklyn Navy Yard in financial management with the ability to lead and influence strategy as well as assist in driving operational risk metrics and ensure no fail audits. Hamil says that not only is the program very desirable and highly sought after by business owners in the community, but the program has helped to generate significant business for HEF, as participants who complete the program are eligible for a special, reduced interest rate on a loan from HEF. Our HEF Small Business Recovery Loan Program. HEF has successfully raised over $1.5 million in grant funding from public and private institutions. CNote is not a legal, financial, accounting or tax advisor. Ericka graduated Summa Cum Laude from Monroe College, where she earned an M.B.A. and is also a licensed Notary Public in the State of New York. Existing Properties Purchase of a new property site or refinancing the debt on an existing property. We are committed to the success of women and minority small business owners. Suzanne serves as HCCs Vice President & Senior Director of Program Management. Harlem Entrepreneurial Fund | LinkedIn Thats Juneteenth, but that was also the day we received notification from the U.S. Department of Treasury that our application to become a PPP lender was approved. Phone Number (212) 749-0900. Operation HOPE has a broad array of individualized services that level the playing field by offering customized one-on-one programs for youth, adults, and disaster survivorson their own or through their employersto equip them with the financial knowledge and tools they need to create a more secure future - all at no cost. Term: Up to 5 Years Bonus: Three Month Deferment Period Eligibility Small businesses Located in NYC In business for 3+ months Wells Fargo Open for Business Fund The COVID-19 Small Business Recovery Loan Program was made possible by the Wells Fargo Open for Business Fund's generous funding. With every purchase, you're helping to fund investments that support funding for Black-owned business, entrepreneurial education, crisis response, equitable purchasing, and ethical sourcing. Ms. Codrington holds a MS/BS in Accounting from Long Island University. Explore Programs. HEF is a United States Treasury-Certified Community Development Financial Institution (CDFI) providing micro-financing to minority small business owners in Harlem, Washington Heights, Inwood, and the Bronx. Manager, Impact & Evaluation Harlem Commonwealth Council HEF has successfully raised over $1.5 million in grant funding from public and private institutions. Harlem Entrepreneurial Fund - Funding, Financials, Valuation & Investors Ericka helped establish HEF during its early beginnings in 2007 and is responsible for loan origination, loan underwriting, loan closings, managing portfolio records and fund performance, financial . His experience includes business development, investor relations, private wealth management, and banking both domestically and internationally. She holds a Bachelor of Arts in Business Administration from Audrey Cohen as well as a Certificate in Human Resources Management from New York University. Asset Backed Loans Loans supported by tangible assets excluding property such as equipment, transport vehicles, heavy machinery, inventory and other forms of Plant, Property & Equipment. Need business financing, resources, or guidance? The New York Public Library is a 501(c)(3) | EIN 13-1887440. Lending operations began in the summer of 2008, and HEF was certified by the U.S. Treasury Department as a Community Development Financial Institution (CDFI) in 2012. Business Resources,and Technical Assistance. We believe entrepreneurship is a powerful tool that can create jobs,close the opportunity and equitygap, and transform communities. from Marist College. Contact. Impact Cash deposits are insured by the FDIC or NCUA, subject to the terms and conditions of the Impact Cash agreements. Juneteenth: The Struggle Continues. Hours: Monday to Friday, 9am to 5pmPhone: 212-749-0900Email: info@harlemcommonwealth.org, Youth DevelopmentAdult EducationEntrepreneur Support. Harlem Entrepreneurial Fund is a company that operates in the Financial Services industry. Investing in our Notes involves risk of loss, including the principal invested. We are committed to the success of women and minority small business owners and to serve low-income and minority populations by providing lending capital and technical assistance to facilitate small business expansion and job creation. This loan ranges from $500 to $5,000. Funding Rounds 1 Total Funding Amount $1.1M Lead Investors 1 Investors 1 Funding Harlem Entrepreneurial Fund has raised a total of $1.1M in funding over 1 round.
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