Micro Financing Program


Quote from Dr. Bill Winston:  "Ten City Campaign Mission: Our main goal is to bring economic restoration and prosperity and to close the wealth gap in black and brown communities in the ten cities of the campaign."

Program Objective

Support small business development by providing start-up and emerging organizations that are unable to procure financing from financial institutions access to capital at an affordable rate with flexible terms.

How it Works?

The application for being considered for micro financing will ask questions regarding:

   personal financial profile

   business financial profile (if business in operation)

Once application is completed and submitted, it will be reviewed by micro financing committee to decide if requested funds (from $250 up to $2,000) will be made available.

Proposed Loan Product

  • Loan Type: Installment
  • Loan Purpose: Working Capital
  • Loan Amount: $250 to $2000
  • Loan Term: 12-36 Months
  • Loan Rate: 1.00%
  • Payment: Principal and Interest Monthly

Propose eligible Use of Funds

  • Start-Up Cost
  • Working Capital
  • Working Capital
  • Equipment
  • Inventory

Proposed Ineligible Use of Funds

  • Liquor, marijuana, tobacco
  • Personal use  

Proposed Application Requirements:

  • 1.       21 years of age
  • 2.      State issued photo I.D.
  • 3.      580 minimum credit score
  • 4.      Bankruptcy must be full discharged
  • 5.      Open trades must be paid on time for 12 consecutive months
  • 6.      No charge-off’s in past 24 months
  • 7.      Proof of income
  • 8.      Proof of address
  • 9.      Personal/ business checking account
  • 10.     Business license, DBA, LLC articles of organization, or s-corp articles of incorporation
  • 11.      Business brief history/ background/ executive summary
  • 12.     Resume of principal owner
  • 13.     Must be reside in designated state
  • 14.     50% Debt to Income Ratio

Evaluation Criteria Will Include The Following:

  • Fully developed business idea and mission
  • Target criteria for customers and potential customers
  • Clear value intended to deliver to potential customers
  • Clear intended use of loan funds
  • Plan on how funds will be paid back
  • Business is in Illinois or Missouri
  • Success of company will have a positive impact on economically challenged area
  • Operating values of organization are aligned with Biblical principles
  • Looking to advance the Kingdom of God

How to apply?

Existing Businesses

For those who have a business in operation, they can apply for business financing by clicking on this link:

Entrepreneurs

For those who have a business concept but have not yet formally registered their business, they can apply for personal financing by clicking on this link:  

Learn More

If you would like more information before applying please provide your contact information via this link:

Private Equity Fund

About The Fund

The Joseph Center has established the Joseph Equity fund to provide capital to minority businesses so they can scale their operations to create wealth in their communities. This resulting wealth will lead to reduced crime, improved literacy, more jobs, and an overall enhanced environment.


Purpose of the Fund

The purpose of this fund is to provide capital to existing minority businesses who are operating profitably and have an opportunity to scale their business to a higher capacity.

Fund Management

Equity fund that will invest up to $20,000 per business, which will be invested as an equity position in the approved company.

Funding Criteria

Investment candidates will be evaluated on the following criteria:

ability to...

   Scale Operations

   Show a Track Record of Growth

   Positively Impact Underserved and Under-Resourced Communities

   Operate Business According to Biblical Principles

   Provide a Return on Equity Investment


Who Should Apply?

The ideal candidates for this partnership would have as many as possible of the following criteria:

   Minimum revenue of $200,000

   Cash flow positive

   Operating in Illinois or Missouri

   Record of recent growth

    Success of company will have a positive impact on economically challenged area

   Operating values of organization are aligned with Biblical principles

   Looking to advance the Kingdom of God

Apply FOr Equity Funding

If you would like to apply to receive Equity Funding, please complete the application by clicking on the link below: 

Learn More About Equity

If you would like to learn more about the Equity Fund, please provide your contact information by clicking on the link below: 

Financial Literacy Training

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