MI GENTE

Mission Statement

Mi Gente Loan Fund, LLC’s mission is to promote community development by addressing financial disparities and building wealth within the Tulsa Latinx Community to eliminate barriers in accessing credit, and to promote financial tools and resources that empower Latinx small business to achieve economic self-sufficiency and long-term financial stability.

Vision Statement

To empower and elevate the Tulsa Latinx community by providing accessible financial services, to stimulate entrepreneurship, create jobs and foster economic development.

Loan Terms and Conditions

Up to 5 years

Minimum 600 + FICO

Interest Rates as low as 6%

Business Owners

No-Cost Technical Assistance and Mentorship

ITIN holder are encouraged to apply

What is the use of expenses for the Mi Gente Loan Fund?

We structured our Mi gente loan Fund loans to cover all kinds of expenses, such as:

  1. Startup costs 

  2. Staffing and training/development

  3. Working capital 

  4. Inventory, equipment, furniture, and fixtures

  5. Property improvements (borrower-owned building)

  6. Leasehold improvements

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What are the interest rates and the terms for The Mi Gente loan Fund?

At Mi Gente loan Fund we offer size loans from 5K to 20K with an interest rates of 6% The term of the
loans vary depend of the size of the loan (3-5 years)

What do I need to fill out an Application with the Mi Gente Loan Fund?

Even if you are an start up you will need to provide basic personal information like your name, date of birth, and the name of your business, When you meet with the Business Lending Specialist to apply for the loan, Is important to ensure you have several key documents available. These can include:

  1.  ID, including state-issued ID (like a driver’s license or passport)
  2. Business tax returns
  3. Personal tax returns
  4. Bank statements from the last three months
  5. Business Plan
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Do I need collateral for in order to apply for the Mi Gente Loan Fund?

Your business doesn’t need any collateral to be eligible to apply for The Mi gente Loan Fund

No prepayment penalty
Pay off your loan early with no penalty.

Unlike other lenders, we structure loans based on the needs of your business. Credit score don’t determine the approval of the loan. During the life of the loan clients will have the support of participating in monthly workshops, individual mentoring sessions, opportunities to network and access to business resources.  All the resources are available in Spanish.

Questions, concerns, comments or requests for accommodation, whether from employees or clients, should be directed to avanzandojuntosinfo@gttulsa.org

In accordance with federal laws and U.S. Department of the Treasury policy, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to: U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employment Opportunity 1500 Pennsylvania Avenue,N.W., Washington, DC 20220; call (202) 622-1160; or send an e-mail to:crcomplaints@treasury.gov