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Lending a Hand to Build a Brighter Tomorrow
Let Us Be Your
Lending Hand
We are committed to responsible lending practices and strive to ensure that our loans have a positive and sustainable impact on the lives of our borrowers.
The small business plays an important role in the California State’s economy contributing substantially to job creation and economic growth. Many of these new businesses are launched in the Low Income communities by people of color and women. However, many of these entrepreneurs struggle in securing necessary capital for starting and expanding the business. They often lack equitable access to loan capital, network opportunities with banks.
The National Diversity Coalition has introduced this new project of ‘Lending Hand’ with a mission to provide equitable and inclusive access for LMI and minority entrepreneurs to start and expand their small businesses. We provide financial assistance and opportunities to low income, minority, women and all other entrepreneurs, so they can be a part of California economic development, and strengthen their local communities.
One of the goal of the NDC’s Lending Hand is to increase access to capital and economic opportunities for underbanked communities, and provide accessibility to launch and expand your business, capitalize on the economic opportunities, and slowly transition them into the financial institutions.
NDC is a CFL licensed by the Department of Financial Protection and Innovation, NMLS ID: 2449605.
Small Business Lending
The NDC’s small business loan involves the standard business loan application and credit analysis as outlined in the Business Loan Credit Memo. Borrower’s personal and business information is taken and verified for business and global debt service analysis. The loan process includes loan intake, processing, underwriting, funding, and recording UCC filings for business as collateral.
No prepayment penalties and no application fees
Terms:
Any upfront expenses like financing cost
Small Business Loan Eligibility Requirements
Must be current on all personal financial obligations
Live/work in California
Use the proceeds of the loan for your business
Be at least 18 years of age and demonstrate good character
Business must be a legal entity
Disclaimer:
Offers are subject to credit approval. NDC requires the borrower to be an eligible person as per the internal eligibility requirements to qualify. The borrower is required to meet applicable underwriting requirements based on specific lender criteria. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers. If approved, your actual rate will be within a range of rates and will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors.
The terms and conditions of the small business loan shall be defined in the promissory note signed between the parties, before the final approval of the small business loan.
Credit Pull Disclosure:
To check whether any applicant qualifies for the small business loan, the NDC or its third party partner will conduct a soft credit pull that will not affect your credit score. However, if you complete the application and request for a small business product, continue your application, the NDC or its third party partner will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
Anti- Discrimination Disclosure
The NDC ensures fair lending practices, and shall not discriminate against any applicant based on race, color, religion, national origin, sex, marital status, age, any receipt of income from any public assistance program, disability in pursuant to any application received for the small business loan.
4333 Admiralty Way Suite #2, Marina Del Rey CA 90292
(310) 351-0857
