Karen's for Kids at Suffolk Shopping Center

The City of Suffolk and the Suffolk Industrial Development Authority have partnered to create the Suffolk Community Reinvestment Loan Guarantee Program. The mission of the program is to foster continued economic development activity by supporting eligible businesses in securing financing with a loan guarantee up to 50% of a private loan, not to exceed $50,000. The target markets for this program are individuals with low to moderate income, as well as female and/or minority entrepreneurs.

Requirements

• Applicant must be a Suffolk resident or existing Suffolk business owner.
• The business must be located in the City of Suffolk.
• Applicant must be able to qualify for a private loan.
• Applicant must agree to participate in a four- component plan that includes: Training, Planning, Mentoring and Technical Assistance.