New loans to help Latino-owned businesses off the ground

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Building resilience in the financial sector

New loans to help Latino-owned businesses off the ground

//business-finance.news-articles.net/content/202 .. help-latino-owned-businesses-off-the-ground.html

Published in Business and Finance on Friday, April 18th 2025 at 0:01 GMT by WOOD
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Kent County has approved a $1.2 million grant to help provide loans to Latino entrepreneurs.

The article from Yahoo News discusses the launch of a new loan program by the Latino Economic Development Center (LEDC) aimed at supporting Latino-owned businesses in Washington, D.C. The program, funded by a $1 million grant from the Washington Area Community Investment Fund (Wacif), offers loans ranging from $10,000 to $50,000 to help these businesses grow and thrive. The initiative is particularly timely as it addresses the challenges faced by Latino entrepreneurs, who often struggle to access traditional financing. The LEDC's efforts are part of a broader mission to empower the Latino community economically, providing not just financial support but also business development services to ensure the long-term success of these enterprises.

Read the Full WOOD Article at:
[ https://www.yahoo.com/news/loans-help-latino-owned-businesses-191915531.html ]

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