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How is Empowerment Zone lending different from a bank’s?

April 26, 2017Bank different Empowerment lending zone

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How is Empowerment Zone lending different from a bank’s?

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The Upper Manhattan Empowerment Zone Development Corporation offers loans to qualified existing and start-up businesses in Upper Manhattan. Unlike traditional bank lenders, we do not focus solely on credit scores or require two years of operations. Unlike SBA lenders, we do not require our loans to be 100% collateralized by your personal assets.