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 $15,068, we have made over 910 loans which represents an injection of over $13.6 million into the small business sector of our economy. This has resulted in the creation/retention of over 1,800 jobs.
Linking Service to Success
|2012-13||2013-14||2014-15||April 1993-Sept 30, 2015|
|$ Loans approved||$1,253,156||$820,754||$739,543||$13,711,552|
|Average loan size||$24,099||$17,842||$21,130||$15,068|
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.