Loan Fund

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The SEG Loan Fund offers loans to support the growth of social enterprises based in Rhode Island. Preference is given to applicants that are graduates of the SEG Accelerator. Expert advising is available during the application process and throughout the duration of the loan.

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Criteria
  • Only businesses based in Rhode Island and planning to create jobs in Rhode Island
  • Demonstrated existing revenue of $25,000 or more
  • Minimum of 1 year in operation
  • Must be an incorporated enterprise
  • Must be a social enterprise
  • Evaluated based on the mission of the borrower, the management team, value proposition, financial projections, operating strengths, and market conditions
Program details
  • Loans are between $5,000 and $25,000
  • Can be used for operating costs, working capital, new equipment below $5,000, website or app development and marketing campaigns, etc.
  • Individualized loans of up to 3 years
  • Competitive interest rates
  • Free technical assistance from SEG is available to potential borrowers who need help assembling their Loan Application package and throughout the duration of the loan

Download a printable version of our Loan Fund Overview.

Success Stories

Entrepreneur - Shawn Rubin

“As a startup software company we are constantly battling the highs and lows of cash flow peril. SE Greenhouse’s loan program came to our rescue. As a startup software company we had no resources available to seize it, the SEG loan committee saw potential in us and gave us the capital we needed to make a huge jump forward in establishing ourselves as an independent company.”- Shawn Rubin, Co Founder & CEO, Metryx LLC

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