Women’s Enterprise Action Loan Fund Now Accepting Applications to Help Women Build Successful Businesses
February 13 2018 - 10:43AM
Business Wire
The Women’s Enterprise Action Loan Fund (WEALF) www.wealf.org,
known for providing strong women entrepreneurs with essential tools
to expand and enhance their businesses, is now accepting new
applications to join the program www.wealf.org/apply/.
According to WEALF founder, Vicki Weiner, since its inception in
2012, WEALF has addressed the needs of women who are unable to
obtain financing from traditional sources. WEALF has made
approximately $250,000 in loans to women-owned businesses in the
New York Metro area. Now WEALF hopes to expand its program,
bringing more women entrepreneurs into its family.
WEALF prides itself on offering an interest-free loan to women
entrepreneurs together with one-on-one mentoring to assist them to
become financially self-sufficient. The organization matches each
participant with an experienced businesswoman from its Board of
Advisors who provides advice and assistance. From financial
seminars to networking events, WEALF offers women an opportunity to
learn crucial information and skills needed to run a successful
business.
Discussing their long and continuing relationship with WEALF,
participants express their enthusiasm and encourage other
entrepreneurs to take advantage of all the benefits the
organization offers. Annabelle Santos, a current participant and
founder of SPADET, a successful manufacturer of olive oil based
beauty care products, states “WEALF has provided me with the
mentorship, guidance and financial support to grow quickly. I am
filled with gratitude and hope knowing that there are organizations
like WEALF that are committed to helping women entrepreneurs.” The
WEALF website highlights the moving stories of Annabelle and other
women who are changing their future.
The organization has provided over 50 loans, offering first
round interest-free loans from $5,000 to $10,000 to qualified
applicants and low interest second and third loans. The
organization has 501(c)(3) status through the Business Center for
New Americans, which also administers WEALF’s loans.
Look for us on Facebook @wealfund
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The Women’s Enterprise Action Loan FundVicki
Weinerwealfund@gmail.com