
New Roots Fund
New Roots Services
We offer a variety of solutions to minimizing the barriers to entrepreneurship. While our focus has been on the refugee and immigrant population in King County, we are able to serve any qualified individual. Our clients are committed to going through the business trainings, create a business plan and develop a realistic budget.
Peddler's Pack
Packaged Loans
Credit Builder
General Micro-E
Staged Loans
Riba Free
Loans
These loans target retail businesses selling culturally appropriate products and are often run by women as supplementary income, or as a secondary job.
-
The average loan is under $1,000 dollars.
Loans that are made in conjunction with Community Capital Development or Numerica Credit Union. Borrowers complete the partner's loan application is offered a small loan by New Roots that is subordinate to the larger loan disbursed by the partner institution.
-
The average loan is under $6,000 dollars.
Because loans are reported to TransUnion Credit Bureau you can build your credit without too much risk.
-
Loans less than $500 paid off within six months.
Fully secured loans that can range up to $15,000 dollars.
-
The average loan is $4,500 dollars
Startup businesses that begin as home-based operations that need small loans, followed by gradually larger loans as the businesses begin operating outside the home.
-
The average loan ranges up to $25,000 dollars
New Roots has successfully pioneered loans that conform to Islamic religious authority. Fee based loans do not offer a special advantage but are structured to avoid to use of interest.
-
The average loan is $3,500 dollars