True Access Capital

True Access Capital is a not-for-profit, federally certified, Community Development Financial Institution (CDFI) that supports small businesses and community development projects. As a CDFI, True Access Capital is required to provide at least 60% of its lending and technical assistance activity to underserved populations. True Access Capital defines underserved populations as those that include women and minority led companies; low-income borrowers; businesses and other organizations that serve low-income populations; or businesses or organizations that are located in low-income communities. Since its incorporation in 1992, True Access Capital has disbursed nearly $27 million to over 1100 small businesses and community organizations.

Small Business Lending

True Access Capital provides small business loans ranging from $5,000 to $250,000, as well as, community development loans reaching up to $500,000. True Access Capital’s loan products are designed to support small business and community development projects that are often missed by mainstream financial institutions. True Access Capital emphasizes cash flow analysis, considers non-traditional collateral, and offers flexibility in the loan structuring.

Loan Products:

1. Micro Loan Fund: The Micro Loan Fund provides loans for small business start-up and expansion. Loan size ranges from $5,000 to $50,000. Micro loans can be used for most business purposes, including working capital, inventory and equipment. Micro Loan Fund borrowers are frequently start-up or early stage businesses.
2. Business Growth Fund: The Business Growth Fund provides loans for existing businesses that need more capital than a Micro Loan. Business Growth Fund borrowers have typically been in business for at least two years. Loan size ranges from $51,000 to $250,000. Most business purposes are eligible, such as, working capital, inventory, equipment, leasehold/capital improvements, and real estate acquisition.
3. Community Development Loan Fund: The Community Development Loan Fund provides loan capital to both non-profit and for-profit, community based projects, such as childcare centers, community centers, mixed use properties, and other community-based projects. The maximum loan size is $500,000.
4. SBA 504 Loan Program: The SBA 504 Loan Program offers Long-Term, Fixed Rate financing, up to $5,000,000, to Eligible Small Businesses for Fixed Asset purchases. Loan Proceeds may be used to purchase land and building, fund leasehold improvements, or purchase major fixed assets like equipment. The Certified Development Company at True Access Capital partners with your Bank to offer this unique loan program.

Technical Assistance
Technical Assistance helps prepare potential borrowers for the application/underwriting process and it helps existing borrowers remain sustainable, once the loan has been made. Additionally, True Access Capital offers specialized technical assistance and business training through the Retail Assistance Program and Women’s Business Center.

Women's Business Center
The Women’s Business Center (WBC) is to act as the catalyst for providing in-depth, substantive, outcome-oriented business services to women entrepreneurs. The WBC provides intensive business training that includes courses on business plans, business financing, social media, and marketing analysis. In addition, the WBC will provide the opportunity for new women-owned businesses to be mentored by existing, successful women business owners. The WBC not only offers business assistance services, but helps connect women business owners to capital to help start or grow their business.