Minority-Owned Business Loans
Women-Owned Business Loans
Rural Entrepreneurs Loans
Veteran-Owned Business Loans
First Community Capital understands and appreciates the sacrifice of the brave men and women that serve and protect our great nation in the armed forces. Every military family should be respected for risking their lives to preserve and protect us all. At First Community Capital our commitment is to the service of our veterans, and we work to ensure they receive the necessary funding and technical assistance to start-up or support existing business.
Immigrant and Refugee-Owned Business Loans
Unfortunately, it is almost impossible for newly arrived refugees to start a small business, due to a lack of capital and the inability to borrow from financial institutions. Barriers to these entrepreneurs are typically: language and cultural misunderstandings, lack of credit history and/or an unacceptable credit score, lack of business experience in the United States, lack of collateral, and lack of personal equity to invest in the business. For these reasons, immigrants and refugees are often considered high risk and not bankable to financial institutions.
Uniquely, First Community Capital is equipped with highly experienced personnel that can directly relate to the stories of immigrants and refugees. Under the FCC loan program, the following objectives are carried out:
1) Assist refugees to establish microenterprise businesses
2) Assist refugees in developing a credit history and/or repairing their credit scores.
The overall purpose of the FCC Refugee loan program is to assist refugees to develop, expand, or maintain their own businesses and become financially independent.