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Thrive understands that many refugees may not have an established credit history. We use an evaluation process that considers your current income flow, business plan, personal repayment history, and potential for success to assess your eligibility.
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Thrive supports a wide range of small businesses, from retail to service-based enterprises. Our primary focus is on businesses that can create jobs and contribute to community development.
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The loan approval process may take 6-8 weeks, depending on the completeness of your application and supporting documents. We aim to expedite the process to get you the support you need as quickly as possible.”
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Thrive offers comprehensive entrepreneurial support, including one-on-one mentorship, business planning assistance, and access to resources that can help you grow your business successfully. We provide support prior to your loan application and after your loan closing. We want you to be successful in your new business!
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Thrive is transparent about all costs and fees. We do not have any hidden fees, and any associated costs will be clearly communicated during the application process and at closing.
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Thrive is committed to providing equal opportunities by focusing on the potential and dedication of refugee entrepreneurs rather than their financial background. We make sure our process is fair to everyone who applies for a business loan!
Driving Local Economic Growth Through Small Business Lending
Thrive Community Lending is an emerging Community Development Financial Institution (CDFI) dedicated to expanding economic opportunity for refugees and immigrants. We provide affordable capital paired with no-cost business services to help low-income entrepreneurs start, sustain, and grow small businesses. By investing in people who often face barriers to access traditional finance, Thrive empowers entrepreneurs to build financial stability, create wealth, and strengthen their communities.
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Thrive in the News
April 2024 - Inspiritus Launches Thrive Lending
April 2024 - Inspiritus Launches Thrive Lending
May 2024 - Helping Refugees Pursue the American Dream of Owning A Small Business