District Capitalized Micro Line of Credit Pilot Application Info Session #3

The DC Department of Small & Local Business Development is a DC government agency that provides support, training, and technical assistance to all small and local businesses and aspiring entrepreneurs in the District.

Department of Small & Local Business Development

DC businesses will learn how about the pilot Micro-Line of Credit program and how  lines of credit can help their DC business.

Access to Capital - District Capitalized

DSLBD's District Capitalized offers access to capital guidance (webinars, consultations with experts, and events) to help DC businesses and DC resident entrepreneurs finance the creation, operation and growth of their business in the District of Columbia.

Sales have closed. Check DSLBD's YouTube page a few days after the event date to watch the webinar recording.

<h2>Who Should Attend July 26 Webinar</h2>Owners of DC-based businesses who are considering applying for the District Capitalized Micro-Line of Credit, or exploring how to use lines of credit to financing their DC business.<h2>About the July 26th at 3PM -- Info Session #3 for the District Capitalized Micro-Line of Credit Pilot Application </h2><a href="https://dslbd.dc.gov/" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">DC Department of Small and Local Business Development</a> (DLSBD) and <a href="https://lifeasset.org/" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">Life Asset</a> are hosting a 3rd information sessions to help prospective applicants for the District Capitalized Micro-Line of Credit pilot funding learn about:<ol><li>pilot program</li><li>how to use lines of credit to finance their licensed business' operations</li><li>the application process and requirements to qualify for a District Capitalized Micro-Line of Credit for their business.</li></ol>To apply for the District Capitalized Micro-Line of Credit, eligible businesses must: <ul><li>Attend an info session</li><li>Complete online application</li><li>Submit by 8/3/2023 at 2 PM. </li></ul>Through the District Capitalized Micro-Line of Credit pilot, Life Asset will award a qualified DC-based business up to $10,000 at 6% interest for 1-year term with the option to renew. This pilot will initially focus on six business groups: Made in DC certified, CBE certified OR businesses in the cleaning, landscaping, childcare or sustainability industries.Business lines of credit offer a pool of borrowed funds that business owners can tap any time to:<ul><li>Bridge cash-flow gap between contract awards and payments</li><li>Manufacture products to vend or fulfill a purchase order</li><li>Secure staff, equipment &amp; supplies to meet customer demand </li><li>Build-out or upgrade commercial space or vending truck/stand</li></ul><h2>About DSLBD, District Capitalized &amp; Life Asset</h2><a href="https://dslbd.dc.gov/" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">DC Department of Small and Local Business Development</a> (DLSBD)'s <a href="https://dslbd.dc.gov/service/district-capitalized" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">District Capitalized </a>is a coordinating program that supports financing the creation, operation and growth of District businesses, DC resident entrepreneurs, and the partners who help them through products and guidance like this Money Mondays webinar, in-person consultations, interactive tools, and more.<a href="https://lifeasset.org/" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">L﻿ife Asset</a> is a community lender <a href="https://www.cdfifund.gov/programs-training/programs/cdfi-program" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">CDFI </a>(community development financial institution) that provides microloans and training to low-income entrepreneurs who are overlooked by traditional lenders and financial institutions. Its microlending model uses “social collateral” rather than traditional loan underwriting criteria to secure loans, allowing us to serve a diverse population of low-income entrepreneurs who do not qualify for a loan elsewhere. <a href="https://bit.ly/DistrictCapitalizedAlerts" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">Subscribe for DC Business Funding Alerts </a>to receive updates about future workshops, loans, grants and other financing resources to help DC businesses at <a href="https://bit.ly/DistrictCapitalizedAlerts" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">https://bit.ly/DistrictCapitalizedAlerts </a>.<h2>Need Translation?</h2>Department of Small and Local Business Development (DSLBD) can help you start, operate and grow your business in the District of Columbia. Free language interpretation is available. (202) 727-3900 El Departamento de Desarrollo de Negocios Pequeños y Locales puede ayudarle a establecer, operar y hacer crecer su negoio en el Distrito de Columbia. La interpretación gratuita a otros idiomas está disponible. (202) 727-3900 የዲስትሪክት ኦፍ ኮሎምቢያ አነስተኛና አካባቢያዊ የንግድ ሥራ ትብብር ስራዎን እንዲጀምሩ, እንዲፈጽሙ እና እንዲያሻሽሉ ይረዱዎታል. ነጻ ነጻ ትርጉም ይገኛል. (202) 727-3900 地方小企业发展部可以帮助您在华盛顿特区 建立，运营和发展您的企业。我们提供免费的翻译服务。(202)727-3900 Le département du développement des petites entreprises locales peut vous aider à démarrer, opérer et développer votre entreprise dans le District de Columbia. Une interprétation linguistique gratuite est disponible. (202) 727-3900 إدارة تطوير الأعمال الصغرى و المحلية بإمكانها مساعدتكم على إنشاء و إدارة و تنمية مشروعكم التجاري في قطاع كولومبيا. لترجمة اللغوية متوفرة مجانا. (202) 727-3900 Idara ya Ukuzaji Biashara Ndogo na za Ndani inaweza kukusaidia kuanza, kuendesha na kukuza biashara yako katika DC. Ukalimani wa lugha bila malipo unapatikana. (202) 727-3900 지역중소기업개발부서(DSLBD)는 여러분이 컬럼비아 특별구에서 사업을 시작 및 운영하고, 성장시킬 수 있도록 도와드립니다. 무료통역 서비스를 제공합니다. (202) 727-3900﻿Sở Phát triển Doanh nghiệp Nhỏ Địa phương có thể giúp quý vị khởi nghiệp, điều hành và phát triển công việc kinh doanh của quý vị tại DC. Có thông dịch miễn phí. (202) 727-3900

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