4 Reasons to Apply for Inc.'s Second Annual Power Partner Awards, I'm Self-Employed. Neither the SEC nor any state securities regulator has passed upon or endorsed the merits of any investment in CNotes offerings. Accelerate Your Business in 2023 with Opportunity for Growth! As we enter our 55th year serving Harlem and surrounding communities, we are proud of the continued contribution of Harlem Commonwealth Council (HCC) and its subsidiary Harlem Entrepreneurial Fund (HEF) to the economic empowerment of individuals and small businesses through education, capital access and business development resources. agreements. Harlem Capital was founded by Managing Partners Henri Pierre-Jacques and Jarrid Tingle in . We believe entrepreneurship is a powerful tool that can create jobs,close the opportunity and equitygap, and transform communities. The Harlem Entrepreneurial Fund is dedicated to providing capital and technical assistance. The Harlem Entrepreneurial Fund (HEF) was established in 2007 by the Harlem Commonwealth Council to provide low-income and minority entrepreneurs with supportive loan capital and technical assistance in Harlem, Washington Heights, Inwood, and the Bronx. His responsibilities include loan origination, business development, loan underwriting, loan closings, and resource development. Past performance is no guarantee of future results, and future returns may vary. HEF has successfully raised over $1.5 million in grant funding from public and private institutions. Suzanne holds a degree in Psychology from Brooklyn College. She has notable experience in strategic human resource planning, performance management, staffing, federal and state law compliance, employment contract negotiations, employee benefits, compensation and payroll, training and development, and management coaching. Harlem Capital announced the closing of Harlem Capital Partners Venture Fund I, LP at $40.3 million. The COVID-19 Small Business Recovery Loan Program was made possible by the Wells Fargo Open for Business Fund's generous funding. Includes residential, commercial, industrial, agricultural properties and vacant land. Hamil enrolled in Project Reap, where he met another participant who happened to be the director of lending at HEF (HCC manages a significant real estate portfolio). Edit Lists Featuring This Company Section, Community Development Financial Institutions Fund, Greater New York Area Financial Services Companies (Top 10K), New York Companies With Fewer Than 100 Employees (Top 10K). Ascendus, BOC Capital, Harlem Entrepreneurial Fund (HEF), NDC, Pursuit Community Finance, Renaissance Economic Development Corporation, and Trufund, will provide . The CDFI also connects the entrepreneur to either a credit repair course or an individual coach so that they can work to improve their credit score even more. What changes do you recommend we make to this page? In the early 2000s, he briefly returned to Chicago to finish up his M.B.A before moving his young family to New York City. Terri-Ann is the Director & Senior Loan Officer at HEF and joined the team in February 2021. Lending operations began in the summer of 2008, and HEF was certified by the U.S. Treasury Department as a Community Development Financial Institution (CDFI) in 2012. His solid work drew the attention of both the board and the management, who in turn offered him a position as a senior loan officer, providing loans to small businesses in Harlem, Upper Manhattan, and certain parts of Queens. October 28, 2022. That allowed Hamil to restructure HEF so that it looks like any other fund, and hes anticipating getting SBA approval for HEF to become a microlender any day. Were excited to be an originating lender for the NYC Opportunity Fund. PDF New York, New York HEF - cdfi.org Additionally, she was responsible for mentoring and coaching the branch team. Dr. Tait contends that at the end of the day, it is not about what you have or even what you have accomplished.it is about who youve lifted up, who you have made better. CDFI Locator | OFN Which funding types raised the most money? Funding Rounds Number of Funding Rounds 1 Info. Operation HOPE - Accelerating Financial Opportunity for All Suzanne also establishes contract compliance guidelines and budgets as the point of contact for all compliance matters and is the HCC Board liaison. CNote is not a legal, financial, accounting or tax advisor. CNote offers securities consisting of various promissory notes (Notes) to eligible investors pursuant to Regulation A+ and Regulation D under the Securities Act of 1933, as amended. Terri-Ann has worked in the financial and banking industry for over 27+ years. Phone Number (212) 749-0900. Population (s) Served Adults People of African descent People of Asian descent People of Latin American descent Please be specific, providing correct dates, spelling, etc. Harlem Capital's $134 Million Fund II is Just the Beginning Read More 5 Lessons From 5 Years of Harlem Capital . Juneteenth: The Struggle Continues. Contact | Harlem Entrepreneurial Fund - HEFNYC Harlem Entrepreneurial Fund (HEF) is our investment arm that provides access to capital and technical assistance to the Harlem community. Headquarters. The Harlem Entrepreneurial Fund (HEF) was established in 2007 by the Harlem Commonwealth Council to provide low-income and minority entrepreneurs with supportive loan capital and technical assistance in Harlem, Washington Heights, Inwood, and the Bronx. There is no tangible asset collateral available. Harlem Entrepreneurial Fund. in Psychology from Fordham University and an M.P.A. Entrepreneur Support After years of witnessing underserved entrepreneurs and residents of our local communities being severely impacted by economic hardship, HCC launched Harlem Entrepreneurial Fund in 2007 to combat these inequalities. New York, New York, United States 1-10 Grant Private www.hefnyc.org/ Highlights Total Funding Amount $1.1M Investors 1 Recent News & Activity Funding Round Apr 10, 2023 The goal of The Harlem Entrepreneurial Fund is to ensure successful recovery for small businesses in the Bronx, Harlem, Upper Manhattan, and surrounding communities during these unprecedented times as a result of the COVID-19 pandemic. HCC established HEF in 2007 to provide low-income and minority entrepreneurs with supportive loan capital and technical assistance in Harlem, Washington Heights, Inwood, and the Bronx. CNote is not a legal, financial, accounting or tax advisor. HCC established HEF in 2007 to provide low-income and minority entrepreneurs with supportive loan capital and technical assistance in Harlem, Washington Heights, Inwood, and the Bronx. She has received various nominations and awards and most notably was one of the recipients of the 2019 Power Woman in Business Award. Harlem Entrepreneurial Fund - African American Alliance of CDFI CEOs Read More View Company Info for Free Who is Harlem Entrepreneurial Fund Headquarters 361 W 125th St Fl 2, New York, New York, 10027, United States Claim this profile to manage this business, include and update info and more. Home Loans Traditional mortgages to consumers secured by a first registered mortgage on properties. Thousands of lenders and brokers are ready to help you fund your loan, Data protected by HEF has successfully raised over $1.5 million in grant funding from public and private institutions. Harlem Entrepreneurial Fund (HEF) is a Community Development Financial Institution (CDFI), established in 2008 by its parent organization, Harlem Commonwealth Council. Harlem Commonwealth Council We listen to what they need to provide access to capital, resources, and technical assistance. Harlem Entrepreneurial Fund | LinkedIn The Most Rewarding Investment of Your Time: Building AWinning Team. Angel - Uber), Number of Investors: Total number of Investors in a Funding Round, Money Raised: Amount of money raised in Funding Round, Lead Investors: Name of the investor who led the investment in the funding round, Investor Name: Name of the investor who participated in the Investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Partners: Name of the individual who led a funding round for his/her firm. 361 West 125th Street New York, NY 10027. Small Business Loan Officer, Harlem Entrepreneurial Fund (HEF) The Harlem Entrepreneurial Fund (HEF) was established in 2007 by the Harlem Commonwealth Council to provide low-income and minority entrepreneurs with supportive loan capital and technical assistance in Harlem, Washington Heights, Inwood, and the Bronx. Harlem Entrepreneurial Fund | Small Business Loans | New York City - HEFNYC Ms. Codrington holds a MS/BS in Accounting from Long Island University. Tel: (212) 749-0900 x 119 361 West 125th St, Fl 2 New York, NY 10027 Email: info@hefnyc.org You can also send us a quick message below Thanks for submitting! Hours: Monday to Friday, 9am to 5pmPhone: 212-749-0900Email: info@harlemcommonwealth.org, Youth DevelopmentAdult EducationEntrepreneur Support. The SBLO will be responsible for marketing HEF's products and services to potential borrowers, ass The two became good friends, and in early 2019, Hamil began to volunteer with HEF to help it build its portfolio. Customer Portal - LendingFront Subscribe for upcoming events andsmall business tips. Development Finance Construction loans for new developments including apartments, townhouses, houses and other property development projects. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Its mission is to serve low-income and minority populations by providing capital to facilitate small business expansion and job creation in the underserved, New York City . Among its initiatives, Harlem Commonwealth emphasized fostering the success of students in Harlem through healthcare-related scholarships to those pursuing careers in medicine, radiology and nursing; orchestrating summer internships for high school juniors and seniors in private-sector business corporations; providing adult basic education for the emerging immigrant population in Harlem; and delivering entrepreneurial training programs as well as providing revolving loans and technical skills to existing and start-up businesses. Skilled in. Harlem Entrepreneurial Fund - Overview, News & Competitors - ZoomInfo Opportunity for growth is afour-month business education program utilizing Interises Streetwise MBA'TMcurriculum designed to accelerate the growth of businesses owned by minorities and women. HEF offers three major services to small businesses in the Harlem and Bronx communities: 1) Loans up to a maximum of $25,000 . For those people that we think we can do something with in terms of helping them to realize their dream of starting or buying or expanding a business, we say listen, we see what youre trying to do and we think youre good for it, but were going to start with a smaller loan than you requested. In addition to that initial, albeit reduced, capital (typically between $1,000 and $5,000), HEF frequently reports those loan payments to the three credit bureaus so that it has a positive impact on the entrepreneurs credit score. We offer: HEF Small Business Loans and HEF Credit Builder Loans. Ayesha Codrington is an experienced financial accounting professional with 15+ years of experience working with non-profits such as Upper Manhattan Empowerment Zone and Brooklyn Navy Yard in financial management with the ability to lead and influence strategy as well as assist in driving operational risk metrics and ensure no fail audits. With every purchase, you're helping to fund investments that support funding for Black-owned business, entrepreneurial education, crisis response, equitable purchasing, and ethical sourcing. Thats when Hamil started to feel antsy. As an entrepreneur and CEO of a community-based organization he provided educational opportunities and resources for young people in the community who he feels should be a top priority. Most recently, Terri-Ann held positions as a Branch Manager at Investors Bank and Apple Bank, where she was responsible for initiating, maintaining, and building new depository and lending relationships. READ MORE. He would also like to impart the following quote, As you grow older, you discover that you have two hands.one for helping yourself, the other for helping others. Use both well. Click hereAlready have an account? Programs. It should not be relied upon as financial or investment advice. favorite Favorites News Website. NYC Business Solutions - Harlem Entrepreneurial Fund Women and people of color in Harlem, Washington Heights, Inwoodand the Bronx looking to: HEF provides affordable loans between $500 and $250,000 to women and minority owned businesses in retail, food & beverage, professional services, construction, technology and other industries. Ericka P. Sinclair, MBA, EDFP - Senior Director Loan Fund - LinkedIn I want it to be a destination.. Homepage - HCP HEF is a United States Treasury-Certified Community Development Financial Institution (CDFI) providing micro-financing to minority small business owners in Harlem, Washington Heights, Inwood, and the Bronx. This field is for validation purposes and should be left unchanged. Black Equity at Work Certification Program and CNote Partner to Unleash the Corporate Balance Sheet for Racial Equity, CNote Group, Inc. (CNote) is not a bank, a credit union, or any other type of financial institution. While credit isnt the sole criterion for assessing the risk of a loan application, Hamil said its still an important factor. She is also a member of the Society of Human Resources Management (SHRM) and the (APA), Prior to joining Harlem Commonwealth Council, Ms. Whittier was Human Resources Director at Liberty One Group, LLC. SBA has 28 organizations . Subscribe for upcoming events andsmall business tips. Need business financing, resources, or guidance? Information provided herein is for educational purposes only and is not tailored for any individual investor or client. That position ultimately led Hamil to Amsterdam and then to Singapore, where he stayed for nearly seven years, working primarily as a global relationship manager serving multinational corporate clients based across Asia-Pacific. Ericka helped establish HEF during its early beginnings in 2007 and is responsible for loan origination, loan underwriting, loan closings, managing portfolio records and fund performance, financial . Here's What I Always Include in my Contracts. According to Hamil, the CDFI originates loans anywhere from $1,000 to $250,000. Contact Blog Loan Application Thank You For Your Interest In HEF! His experience includes business development, investor relations, private wealth management, and banking both domestically and internationally. With over 19 years of experience and an understanding of the common challenges entrepreneurs face when starting a business, Ericka has been a resource to those looking to navigate business obstacles. Our personal touch approach makes the loan process quick and easy, as we take time to listen to the passion our clients have for their business. He holds an MBA from Adelphi University and is a Project Management Professional (PMP). While Hamil enjoyed building something from scratch, once the fund merged with another firm, he again found himself wanting to try something new, this time in real estate. Get the latest business insights from Dun & Bradstreet. She has worked hard over the years in her professional and personal life to support not-for-profit efforts and currently serves as a board member of the Chinatown YMCA. Related Articles. . Harlem Entrepreneurial Fund - ADS.finance Growth Path is a business advisory service designed to deliver hands-on expertise to minority and women owned small businesses in areas of financial management, human resources, sales, and marketing. Let us know how they helped you. Read More. Harlem Entrepreneurial Fund | 52 follower su LinkedIn. Grow your business with the HEF Small Business Loan. Find a CDFI. Hamil holds an MBA from the University of Chicago - Booth School of Business. Harlem Entrepreneurial Fund | LinkedIn She is currently studying to sit the CPA exam. Harlem Entrepreneurial Fund is funded by Community Development Financial Institutions Fund. Our Team Harlem Commonwealth Council That growth propelled Hamil and his team to join Opportunity Finance Network, which opened up further opportunities through Google, Wells Fargo, Capital One, PNC, and Bank of America for HEF to access external capital. SheaMoisture and Roku Originals Announce the "The Next Black Hamil says that not only is the program very desirable and highly sought after by business owners in the community, but the program has helped to generate significant business for HEF, as participants who complete the program are eligible for a special, reduced interest rate on a loan from HEF. Subscribe for upcoming events andsmall business tips. Zero Defect Design LLC, Music - Harlem Jazz Clubs, Festivals, Performances & Special Events, Hallelujah Gospel Wednesday - Praise Music, Hamilton Heights & Sugar Hill Walking Tour, NYC Business Solutions - Harlem Entrepreneurial Fund, Senator Cordell Cleare Pays Tribute to Abe Snyder, the Heart and Soul of the African American Day Parade, Remembering a Champion: Senator Cordell Cleare Pays Tribute to Bill Perkins for his Unyielding Service to Harlem and the State, Harlem: Experience Its Culture Through Art, Womens History Month 2019 Series Harlem Renaissance Centennial Edition Augusta Savage: Harlem Renaissance Sculptor, Womens History Month, Art in Windows, An Art & Business Engagement. Log in. CNote is not a registered investment advisor with the Securities and Exchange Commission (SEC) or a broker-dealer authorized by the Financial Industry Regulatory Authority (FINRA). CNote | Meet Harlem Entrepreneurial Fund, the CDFI Aiming to Become FREE Business Education Program Designed to - Experience Harlem Hours: Monday to Friday, 9am to 5pmPhone: 212-749-0900Email: info@harlemcommonwealth.org, Youth DevelopmentAdult EducationEntrepreneur Support. It should not be relied upon as financial or investment advice. Our clients rave about our personal approach. ABN 37150498310 COPYRIGHT 2023 ALL RIGHTS RESERVED Alternative Debt Pty Ltd. Ericka graduated Summa Cum Laude from Monroe College, where she earned an M.B.A. and is also a licensed Notary Public in the State of New York. Another one of HEFs programs is called Opportunity for Growth, which is based on the Interise Streetwise MBA curriculum. Who is Harlem Commonwealth Council. This led to jobs at Merrill Lynch and U.S. Trust Bank of America Private Wealth Management, where he weathered the 2007-2008 Financial Crisis. SSL Certificate Protection. Funding Rounds 1 Total Funding Amount $1.1M Lead Investors 1 Investors 1 Funding Harlem Entrepreneurial Fund has raised a total of $1.1M in funding over 1 round. Since its inception, HEF has originated 257 loans for over $4.4 million and helped create or retain over 650 local jobs. Passwords must be at least 8 characters. CNote is not a registered investment advisor with the Securities and Exchange Commission (SEC) or a broker-dealer authorized by the Financial Industry Regulatory Authority (FINRA). Harlem Capital Closes $40 Million Inaugural Fund - Black Enterprise According to Hamil, his background in credit and training has served him well at HEF; however, his previous work in Asia-Pacific building and managing relationships has arguably been more useful to him as hes learned to navigate the nuances of HEFs footprint. We encourage you to consult with a financial adviser or investment professional to determine whether or not the CNote platform makes sense for you. 2023 CNote Group, Inc. All rights reserved. I want my organizations number to be at the top of the speed dial. Sign up with your email address to receive news and updates. The Veterans Business Outreach Center (VBOC) program is designed to provide entrepreneurial development services such as business training, counseling, and resource partner referrals to service members, veterans, National Guard & Reserve members, and military spouses interested in starting or growing a small business. Investments in our Notes are not bank deposits and are not insured by the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), or any other governmental agency. DETERMINE THE BEST PRODUCTS AND SERVICES FOR BUSINESS GROWTH. Lending operations began in the summer of 2008, and HEF was certified by the U.S. Treasury Department as a Community Development Financial Institution (CDFI) in 2012. Hours: Monday to Friday, 9am to 5pm Phone: 212-749-0900 Email: info@harlemcommonwealth.org. For more information on risks related to investing in our Flagship Fund Notes, please see our latest Flagship Fund, ), as filed with the SEC and the terms of the Wisdom Fund, . Harlem Entrepreneurial Fund NATIONAL DEVELOPMENT COUNCIL About Experienced Fund Manager with a demonstrated history of working in the non-profit organization management industry. "This loan fund will unlock opportunities for businesses hit hardest by the pandemic by offering flexible and affordable financing to help businesses recover and grow. Total amount raised across all funding rounds, Total number of investment firms and individual investors, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. Maximum password length must be at least 64 characters. Passwords must contain at least one digit, one alphabetic letter, one special character, and no more than 2 repeating characters. The California Dream Fund Grant Program was created in 2021 by Senate Bill No. HEF providesaffordable loan capitalto minority small business owners in Harlem, Washington Heights, Inwood and the Bronx. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Ericka Powell Sinclair, Loan Fund Manager, presents on The Harlem Entrepreneurial Fund (HEF). Harlem Entrepreneurial Fund - Funding, Financials, Valuation & Investors While New York City was on lockdown, HEF's loan officers called and offered my business a loan deferment which granted us much-needed support during such an uncertain time." Lachena Clark Owner & Operator of Sudsy .