Loan Fund

Loans to support the growth of social enterprises based in Rhode Island.

Criteria

Businesses based in 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

Applications are evaluated based on the mission of the borrower, the management team, value proposition, financial projections, operating strengths, and market conditions. Preference is given to applicants that are graduates of the SEG Accelerator.

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
Applications are open year-round

Apply Now!

“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

Contact Us

loanfund@segreenhouse.org

Get in touch

We're happy to answer any other questions you have!