Project Enterprise

Project Enterprise provides micro loans, business development services, and networking opportunities to entrepreneurs and small businesses in traditionally underserved communities in the city. Founded in 1997, to date, the organization has loaned more than $1.7 million, providing more than 700 loans at an average loan size of approximately $2450. Project Enterprise has served more than 3,600 entrepreneurs and has more than 450 active members. The group estimates that the local wages generated annually by businesses in its loan portfolio to be more than $1.5 million and that businesses experience an average increase in monthly profit of more than 40% after receiving a loan.