We’re proud of our lending history!
UMLF borrowers have proven that great things can be accomplished with a modest loan. With an average loan size of $14,115, we have made over 830 loans which represents an injection of over $12 million into the small business sector of our economy. This has resulted in the creation/retention of over 1,600 jobs.
Linking Service to Success 2012-13
- Directly financed 52 businesses
- Assisted in the creation/retention of over 327 jobs
- Loaned $1,041,739 to small business owners
- Average Loan size: $14,155
- Served over 100 individuals
- Each loan created/retained an average of 6.2 jobs (based on client information)
Over the past five years:
- Over 61% of our borrowers have been women.
- Over 26% of borrowers have been minorities.
- Over 54% of our borrowers have been new start-up businesses.
- Over 52% of our borrowers have been home-based businesses.
- Over 70% of our borrowers have been in the low/moderate income population.