Applications for veterans, women, minorities and the LGBTQ community are now available.
Centerport, NY, USA – March 21, 2022 – POM Capital and Funding has announced a new round of loans aimed specifically at the minority business community. Candidates for minority businesses, often excluded from the financing market, will find a welcome at the POM. Describing itself as a veteran-owned entity, POM specializes in helping minority-owned businesses obtain funding to launch new businesses or keep established businesses growing and competitive. With the new minority loan offer, POM says it hopes to level the playing field for groups too often excluded from traditional funding sources.
During the recent Covid-19 pandemic, minority-owned businesses saw their cash balances drop up to nine times more than non-minority-owned businesses. Census data indicates that gaps in minority business financing are costing the country up to US$300 billion in lost revenue and up to 9 million jobs. A report by the Kellogg Foundation indicates that the opportunity cost of not filling the minority business loan gap will soon reduce potential tax revenue by $8 trillion from gross domestic product.
POM’s position is clear: A lending bias toward minority groups virtually eliminates dozens of business ventures that might otherwise have contributed to the US economy. The company believes that finding the right financing shouldn’t be as difficult as it is. He wants to rectify that by helping veterans, women, minorities, and the LGBTQ community get the funds they need to start or grow a current business.
Minority business owners should contact:
• Develop operations
• Mitigate temporary cash flow problems
• Stabilize working capital
• Purchase necessary assets
• Hire employees
Loan applications are available immediately for all types of businesses. Being turned down by other lenders does not disqualify you. Applicants should contact POM at (631) 354-9290 or by email at [email protected] to set up a non-binding consultation with one of its financial experts.
POM Commercial Loans
Address: 22 Harbor Circle, Centerport, NY 11721
Telephone: (631) 354-9290
E-mail: [email protected]
Company Name: MCD
Contact: Media Relations
E-mail: Send an email
The country: United States