Veterans, Women, Minority and LGBTQ community applications now available.
Centerport, NY, USA – March 21, 2022 – POM Capital and Funding has announced a new round of loans specifically targeting the minority business community. Applicants from minority companies, often excluded from the financing market, will be welcome at POM. Self-described as a veteran-owned company, POM specializes in helping minority-owned companies secure financing to launch new businesses or keep established businesses growing and competitive. With the new minority lending offering, POM hopes to level the playing field for groups that are all too often excluded from traditional sources of funding.
In the recent Covid-19 pandemic, minority-owned companies have seen their cash balances fall by up to nine times that of non-minority companies. Census data shows gaps in financing for minority businesses are costing the country up to $300 billion in lost income and up to 9 million jobs. A Kellogg Foundation report suggests that the opportunity cost of not closing the minority business credit gap soon will cut potential tax revenues by $8 trillion in gross domestic product.
POM’s position is clear: Minority lending virtually eliminates dozens of companies that would otherwise have contributed to the American economy. The company believes that finding the right financing shouldn’t be that difficult. It seeks to rectify that by helping veterans, women, minorities and the LGBTQ community secure the funds needed to start or grow an existing business.
Minority business owners should now apply to:
• Expand Operations
• Alleviate temporary cash flow problems
• Stabilize working capital
• Acquire necessary assets
• Hire employees
Loan applications are instantly available for all types of businesses. Rejection by other lenders does not disqualify you. Applicants should contact POM at (631) 354-9290 or email [email protected] arrange a non-binding consultation with one of their financial experts.
POM business loan
Address: 22 Harbor Circle, Centerport, NY 11721
Phone: (631) 354-9290
E-mail: [email protected]