FREE Business Education Program Designed to - Experience Harlem Includes traditional factoring, progress claims, trade finance, supply chain finance and ATO R&D Financing. Operation HOPE - Accelerating Financial Opportunity for All Since its inception, HEF has originated 360 loans for over $9 million and helped create or retain over 650 local jobs. Harlem Commonwealth Council 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. 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. 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. We believe entrepreneurship is a powerful tool that can create jobs,close the opportunity and equitygap, and transform communities. The California Dream Fund Grant Program was created in 2021 by Senate Bill No. There is no tangible asset collateral available. Our personal touch approach makes the loan process quick and easy, as we take time to listen to the passion our clients have for their business. The Harlem Entrepreneurial Fund is a U.S. Treasury Certified Community Development Financial Institution (CDFI) accelerating small business growth with capital and advisory services. Small Business Loan Officer, Harlem Entrepreneurial Fund (HEF) It is about what you have given back. Hours: Monday to Friday, 9am to 5pmPhone: 212-749-0900Email: info@harlemcommonwealth.org, Youth DevelopmentAdult EducationEntrepreneur Support. 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. Maximum password length must be at least 64 characters. Information Security Standards (ISS) His responsibilities include loan origination, business development, loan underwriting, loan closings, and resource development. Additionally, she was responsible for mentoring and coaching the branch team. He relocated to Chicago with ABN AMRO (RBS) and became part of the banks in-house training staff for its corporate finance training program, which recruited recent university graduates to become corporate finance officers and loan officers. Ascendus, BOC Capital, Harlem Entrepreneurial Fund (HEF), NDC, Pursuit Community Finance, Renaissance Economic Development Corporation, and Trufund, will provide . Harlem Entrepreneurial Fund. She has worked hard over the years in her professional and personal life to support not-for-profit efforts and currently serves as a board member of the Chinatown YMCA. The COVID-19 Small Business Recovery Loan Program In Harlem 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. SBA has 28 organizations . Since its inception, HEF has originated 257 loans for over $4.4 million and helped create or retain over 650 local jobs. A $27 Billion Opportunity to Prioritize Environmental Equality. 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. 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. Log in. 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. The NYC Small Business Opportunity Fund delivers flexible, affordable capital and free business support services to small business owners and emerging entrepreneurs in New York Citys five boroughs. 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. Thousands of lenders and brokers are ready to help you fund your loan, Data protected by We listen to what they need to provide access to capital, resources, and technical assistance. In the early 2000s, he briefly returned to Chicago to finish up his M.B.A before moving his young family to New York City. The Harlem Entrepreneurial Fund (HEF) was established in 2007 by the Harlem Commonwealth Council to provide low-income and minority entrepreneurs with supportive loan capital and technical assistance in Harlem, Washington Heights, Inwood, and the Bronx. Youth Development agreements. What changes do you recommend we make to this page? Hours: Monday to Friday, 9am to 5pm Phone: 212-749-0900 Email: info@harlemcommonwealth.org. Harlem Entrepreneurial Fund | LinkedIn Programs. 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. Please be specific, providing correct dates, spelling, etc. As a New Yorker, however, Hamil couldnt ignore his longing to return to The Big Apple. Another one of HEFs programs is called Opportunity for Growth, which is based on the Interise Streetwise MBA curriculum. What Does It Mean to Be an Asian American Brewer? The Harlem Entrepreneurial Microgrant Initiative is now accepting applications for $10,000 grants. I want it to be a destination.. Subscribe for upcoming events andsmall business tips. 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. Need business financing, resources, or guidance? Harlem Entrepreneurial Fund | 52 follower su LinkedIn. Website. Harlem Entrepreneurial Fund | Small Business Loans | New York City - HEFNYC June 19, 2020, he said. Contact Blog Loan Application Thank You For Your Interest In HEF! Harlem Commonwealth Council, Inc. - GuideStar Profile HEF is a Community Development Financial Institution (CDFI) des. February 6, 2023 | News. HEF providesaffordable loan capitalto minority small business owners in Harlem, Washington Heights, Inwood and the Bronx. Each cohort receive 40 hours of consulting from a local small business advisor. The Harlem Entrepreneurial Fund (HEF), the lending arm of the Harlem Commonwealth Council (HCC), is launching a new program called Pathways to Growth, designed to accelerate the growth of businesses owned by women and entrepreneurs of color. Grow your business with the HEF Small Business Loan. Past performance is no guarantee of future results, and future returns may vary. CNote Group, Inc. (CNote) is not a bank, a credit union, or any other type of financial institution. HEF offers three major services to small businesses in the Harlem and Bronx communities: 1) Loans up to a maximum of $25,000 . CNote | Meet Harlem Entrepreneurial Fund, the CDFI Aiming to Become Seed, Series A, Private Equity), Whether an Organization is for profit or non-profit. SSL Certificate Protection. Despite the fact that Hamil has the same challenges as many other CDFI CEOs finding the right employees, securing capital, and juggling all of the balls in the air he says that things at HEF are humming along very nicely. The CDFI recently signed an MOU with LendingFront to upgrade its web infrastructure, thus making its online loan application portal more streamlined and user-friendly, while at the same time allowing HEF to screen and respond to applicants much more quickly. Suzanne holds a degree in Psychology from Brooklyn College. NYC Business Solutions - Harlem Entrepreneurial Fund c/o Harlem Commonwealth Council 361 W 125th Street New York, NY 10027 (212) 749-0900 x124 phone visit website full map & directions MTA: NYC transit update this page Plan Your Experience Tours Mailing List Signup! He is also the Managing Director of HCCs investment vehicle, Harlem Entrepreneurial Fund (HEF). Impact Cash, deposits are insured by the FDIC or NCUA, subject to the terms and conditions of the Impact Cash. 2), as filed with the SEC and the terms of the Wisdom Fund Private Placement Memorandum. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. As an entrepreneur and CEO of a community-based organization he provided educational opportunities and resources for young people in the community who he feels should be a top priority. Small Business Loan Officer Job in New York, NY - Harlem Commonwealth 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. Harlem Entrepreneurial Fund - Crunchbase Company Profile & Funding in Psychology from Fordham University and an M.P.A. Let us know how they helped you. SheaMoisture and Roku Originals Announce the "The Next Black favorite Favorites News This loan ranges from $500 to $5,000. 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. We listen to what they need to provide access to capital, resources, and technical assistance. Investing in our Notes involves risk of loss, including the principal invested. He holds an MBA from Adelphi University and is a Project Management Professional (PMP). Click hereAlready have an account? According to Hamil, the CDFI originates loans anywhere from $1,000 to $250,000. Info. Our Team Impact Contact Giving. 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. She is currently studying to sit the CPA exam. 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. Harlem Entrepreneurial Microgrant Initiative accepting - CBS News His vision and goal have always focused on creating opportunities for human development and independence. ABN 37150498310 COPYRIGHT 2023 ALL RIGHTS RESERVED Alternative Debt Pty Ltd. That opened up a whole new world for us.. She has received various nominations and awards and most notably was one of the recipients of the 2019 Power Woman in Business Award. Read More View Company Info for Free Who is Harlem Entrepreneurial Fund Headquarters 361 W 125th St Fl 2, New York, New York, 10027, United States The New York Public Library is a 501(c)(3) | EIN 13-1887440. 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 . Entrepreneur Support After years of witnessing underserved entrepreneurs and residents of our local communities being severely impacted by economic hardship, HCC launched Harlem Entrepreneurial Fund in 2007 to combat these inequalities. Our 49 investments span across 13 cities and 3 countries . 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 . WE BELIEVE EVERY PERSON DESERVES ACCESS TO CAPITAL AND BUSINESS SKILLS. Active, Closed, Last funding round type (e.g. 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. This field is for validation purposes and should be left unchanged. Our clients rave about our personal approach. 1, Supplement No. 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. Receivables Finance Loans supported by the receivables of a company. WE HELP SMALL BUSINESSESDETERMINE THE BEST PRODUCTS AND SERVICES FOR BUSINESS GROWTH. The Super Connector Who Built Sam Bankman-Frieds Celebrity World, The Real Reason You Procrastinate and Expert Strategies to Overcoming It, 'Literally Our Dream Scenario': Man Stuns Internet After Being the Only Passenger on a Flight, Meta Introduces New Safeguards and Monitoring Tools for Teens. HEF has successfully raised over $1.5 million in grant funding from public and private institutions. Suzanne also establishes contract compliance guidelines and budgets as the point of contact for all compliance matters and is the HCC Board liaison. Additionally, Hamil has made a point to forge new partnerships both within and far away from Harlem, including with New York Citys Small Business Services, New York States Empire Development, African American Alliance of CDFI CEOs, the Black Chamber of Commerce, BNP Paribas, and Lendistry. While credit isnt the sole criterion for assessing the risk of a loan application, Hamil said its still an important factor. 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. Hamil got his career off the ground in New York City, first as a branch manager at J.P. Morgan Chase and then as a commercial loan officer. 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. Harlem Commonwealth Council - Overview, News & Competitors - ZoomInfo Note that OFN's CDFI Locator does not reflect all CDFIs. Information provided herein is for educational purposes only and is not tailored for any individual investor or client. Tel: (212) 749-0900 x 119 361 West 125th St, Fl 2 New York, NY 10027 Email: info@hefnyc.org You can also send us a quick message below Thanks for submitting! Hamil holds an MBA from the University of Chicago - Booth School of Business. Community Impact Harlem Commonwealth Council Harlem Entrepreneurial Fund, LLC Company Profile | New York, NY 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. Funding Rounds Number of Funding Rounds 1 We strive to provide our community the best possible information on finance providers. Terri-Ann is also a licensed Notary Public in the State of New York. Ive lived in several countries, and Ive had to get immersed in the culture, he said. Who is Harlem Commonwealth Council. She spent most of her career honing her skills in commercial and small business lending at TD Bank, where she held various positions from Portfolio Analyst, Portfolio Manager, to Relationship Manager. Which funding types raised the most money? Related Articles. . DETERMINE THE BEST PRODUCTS AND SERVICES FOR BUSINESS GROWTH. Increase your credit score by up to 30 points with a HEF Credit Builder Loan. 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). We offer: HEF Small Business Loans and HEF Credit Builder Loans. Our mission is to ensure that New York City does not lose a generation of Black- and Latinx-owned businesses that have contributed significantly to our communities' economic and social fabric. Would you like to proceed? Use tab to navigate through the menu items. It's a joint effort sponsored by the 125th Street Business Improvement District, the Apollo . Harlem Entrepreneurial Fund | Small Business Loan | NYC 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. We encourage you to consult with a financial adviser or investment professional to determine whether or not the CNote platform makes sense for you. She has notable experience in strategic human resource planning, performance management, staffing, federal and state law compliance, employment contract negotiations, employee benefits, compensation and payroll, training and development, and management coaching. Includes residential, commercial, industrial, agricultural properties and vacant land. Suzanne serves as HCCs Vice President & Senior Director of Program Management. Population (s) Served Adults People of African descent People of Asian descent People of Latin American descent Do you have experience with this service provider? Learn More NYC Small Business Opportunity Fund We're excited to be an originating lender for the NYC Opportunity Fund. West Harlem / Hamilton Heights / Sugar Hill. Changes (required) Copyright 2006-2023, Harlem One Stop, Inc. All rights reserved. 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). About | Harlem Entrepreneurial Fund - HEFNYC Passwords must be at least 8 characters. Accelerate Your Business in 2023 with Opportunity for Growth! 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. Headquarters. Are you sure you want to delete this loan scenario? This loan ranges from $500 to $5,000. This grant will allow us to provide capital and technical assistance to ensure successful recovery for small businesses in the Bronx, Harlem, Upper Manhattan, and surrounding communities! Community Development Financial Institutions Fund, Total amount raised across all funding rounds, Total number of lead investment firms and individual investors, Total number of investment firms and individual investors, Announced Date: Date that the Funding Round was publicly announced, Transaction Name: Auto-generated name of transaction (e.g. 4 Reasons to Apply for Inc.'s Second Annual Power Partner Awards, I'm Self-Employed. Ericka is a Certified Economic Development Finance Professional and the Loan and Portfolio Director at HEF. HEF meets small business owners where they are in their business journey. Need business financing, resources, or guidance? 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. Among its initiatives, Harlem Commonwealth emphasized fostering the success of students in Harlem through healthcare-related scholarships to those pursuing careers in medicine, radiology and nursing; orchestrating summer internships for high school juniors and seniors in private-sector business corporations; providing adult basic education for the emerging immigrant population in Harlem; and delivering entrepreneurial training programs as well as providing revolving loans and technical skills to existing and start-up businesses. Get the latest business insights from Dun & Bradstreet. Harlem Entrepreneurial Fund - Overview, News & Competitors - ZoomInfo Which investors participated in the most funding rounds. Business Resources,and Technical Assistance. The COVID-19 Small Business Recovery Loan Program was made possible by the Wells Fargo Open for Business Fund's generous funding. Harlem Entrepreneurial Fund | The New York Public Library 2021 Harlem Entrepreneurial Micro-Grants Recipients Announced Terri-Ann has worked in the financial and banking industry for over 27+ years. At the Harlem Entrepreneurial Fund (HEF), we are committed to ensuring the success of the small business clients we work with. 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. It should not be relied upon as financial or investment advice. 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. Any projected returns are illustrative, based on interest rates offered currently or in the past, which may be subject to change, and may not reflect the ultimate rate of return of any particular investor or client. 2023 CNote Group, Inc. All rights reserved. The SBLO will be responsible for marketing HEF's products and services to potential borrowers, ass Under Dr. Tait's leadership, Harlem Commonwealth Council initiated programs that focused on investing in the human capital of the Harlem community. Veterans Business Outreach Center (VBOC) program October 28, 2022. Harlem Entrepreneurial Fund provides micro-financing to minority small business owners. Since early this year, COVID-19 continues to have a devastating impact on the health and financial lives of vulnerable populations worldwide. Cash Flow Lends For high quality businesses generating sufficient cash flow to support lending products. Ericka is a Certified Economic Development Finance Professional and the Loan and Portfolio Director at HEF. The Harlem Entrepreneurial Fund (HEF) was established in 2007 by the Harlem Commonwealth Council to provide low-income and minority entrepreneurs with supportive loan capital and technical assistance in Harlem, Washington Heights, Inwood, and the Bronx. 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. Small Business Loan Officer, Harlem Entrepreneurial Fund (HEF) Harlem Commonwealth Council. To view this loan scenario costs 1 ADS coin. 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. That growth propelled Hamil and his team to join Opportunity Finance Network, which opened up further opportunities through Google, Wells Fargo, Capital One, PNC, and Bank of America for HEF to access external capital. Since its inception, HEF has originated 257 loans for over $4.4 million and helped create or retain over 650 local jobs. Read More. 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. He decided to try something more entrepreneurial and partnered with one of his former trainees to launch a minority hedge fund. Working Capital & Equipment Purchase: Up to $15,000. Customer Portal - LendingFront Harlem Entrepreneurial Fund. According to Hamil, his background in credit and training has served him well at HEF; however, his previous work in Asia-Pacific building and managing relationships has arguably been more useful to him as hes learned to navigate the nuances of HEFs footprint. With over a decade of experience in community development and sponsored programming, she leads HCCs education and mentoring programs serving youths and adults. Claim this profile to manage this business, include and update info and more. We serve low-income and minority residents by providing lending capital and technical assistance to facilitate small business expansion and job creation. This was a Grant round raised on Apr 10, 2023. While Hamil enjoyed building something from scratch, once the fund merged with another firm, he again found himself wanting to try something new, this time in real estate. Thats when Hamil started to feel antsy. Our Team Harlem Commonwealth Council We encourage you to consult with a financial adviser or investment professional to determine whether or not the CNote platform makes sense for you. For more information on risks related to investing in our Flagship Fund Notes, please see our latest Flagship Fund, ), as filed with the SEC and the terms of the Wisdom Fund, . PDF New York, New York HEF - cdfi.org What is a Lender and Broker? Contact | Harlem Entrepreneurial Fund - HEFNYC Subscribe for upcoming events andsmall business tips. 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. Ms. Codrington holds a MS/BS in Accounting from Long Island University. Terri-Ann holds a B.S. from Marist College. It should not be relied upon as financial or investment advice. Manager, Impact & Evaluation Harlem Commonwealth Council That allowed Hamil to restructure HEF so that it looks like any other fund, and hes anticipating getting SBA approval for HEF to become a microlender any day. READ MORE. The Harlem Entrepreneurial Fund is dedicated to providing capital and technical assistance. CDFI Locator | OFN Investing in our Notes involves risk of loss, including the principal invested. Harlem Capital's $134 Million Fund II is Just the Beginning Read More 5 Lessons From 5 Years of Harlem Capital .
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