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
View source version on businesswire.com: http://www.businesswire.com/news/home/20180213006074/en/