January 24, 2020
New Online Loan Application for Women and Minority Business Owners
The National Development Council and Thrive are partnering to help small business grow
Two nationally recognized lending experts are teaming up to grow small business ecosystems. In partnership with Thrive, the National Development Council (NDC) is launching an improved online loan application process to provide a faster and easier way for business owners to get a loan. Geared to minority- and women-owned businesses, this new partnership is designed to help with both working capital and business development support.
With 25 years of small business lending experience, NDC recognized a need to create a loan program for minority and women-owned businesses. This flexible loan program also provides assistance with best practices for managing and growing neighborhood businesses, including business plans, budgeting, and loan consolidation. Thrive is a financial technology company building modern lending infrastructure focused on digital experiences, intelligent automation and workflow efficiencies.
The new partnership brings together NDC’s 25 years of lending and support services to small businesses with Thrive’s technology platform. This partnership is supported by a $1,950,000 grant from the W.K. Kellogg Foundation of Battle Creek, Michigan.
As a small business lender for more than 25 years, NDC has developed a more flexible program for business owners who may not be approved for a traditional small business loan. To that end, businesses that have been profitable for 18 months may be eligible for a loan, even if the business owner has a below average credit score.
Visit the new and improved online portal today at https://landings.tothrive.com/ndc.
For five decades, the National Development Council has been working with low- income communities across the country to support their community development strategies, initiatives and projects, with both financial and human resources. The National Development Council (NDC) has a simple mission: to bring economic opportunity to low income communities through investment in jobs, homes and community infrastructure. NDC acts as partner, teacher, investor, developer and lender, bringing together advisory services and capital for community and economic investment. For more information, visit https://ndconline.org/.
About the W.K. Kellogg Foundation:
WKKF was founded in 1930 as an independent, private foundation by breakfast cereal entrepreneur Will Keith Kellogg. Guided by the belief that all children should have an equal opportunity to thrive, WKKF works with communities to create conditions for vulnerable children so they can realize their full potential in school, work and life.
The Kellogg Foundation is based in Battle Creek, Michigan, and works throughout the United States and internationally, as well as with sovereign tribes. Special emphasis is paid to priority places where there are high concentrations of poverty and where children face significant barriers to success. WKKF priority places in the U.S. are in Michigan, Mississippi, New Mexico and New Orleans; and internationally, are in Mexico and Haiti. WKKF is among the largest philanthropic foundations in the United States. For more information, visit www.wkkf.org.
Thrive is a financial technology company building modern lending infrastructure focused on digital experiences, intelligent automation, workflow efficiencies and real time risk management capabilities. www.tothrive.com