We’re pleased to announce that LRC has partnered with the City of Racine to manage a new Microenterprise Assistance Program that provides loans to Racine area businesses with five or less employees. To better support this program as well as future needs, we’ve opened a new office at 500 College Ave. in Racine.
“It’s an honor to be trusted by the City of Racine for this important loan program for small businesses,” said Terese Caro, LRC president & CEO. “Together, we’re working to make sure women and people of color have equal access to the capital their businesses need.” She added, “We also combine our flexible lending products with key technical assistance, so these clients have the financial acumen to sustain and grow their businesses.”
The City of Racine loan program is designed to assist in the development and success of microenterprises in lower to moderate income areas. Loans are available up to $20,000 to qualifying businesses.