DESCRIPTION
Organizational Background
The Enterprise Center (TEC) provides access to capital, capacity building, business education and economic development opportunities to high potential minority entrepreneurs. TEC’s Capital affiliate’s mission is to provide debt and equity that businesses need to start, grow, and succeed.
TEC Capital team manages two current fund initiatives: Micro Loan Fund (loans under $50,000) and Performance Fund (loans between $50,000 and $200,000). The team provides three services:
1) Commercial financial services including pre- and post-loan technical assistance
2) Development services that assist clients with financial education and business technical assistance in partnership with its affiliate TEC
3) Financial products for microenterprises and small businesses