Life Asset Inc.
Life Asset aims to alleviate poverty, expand economic opportunities, and promote dignity and self-reliance in the Washington, DC Metro Area by empowering local low-income entrepreneurs through affordable financial products, services, and education.
Contact Information
Life Asset employs a highly unique group model for their small business microlending program that cultivates accountability among peers and leads to a high repayment rate to promising entrepreneurs who too often get overlooked by other financial institutions. You can apply for microloans for up to $5,000 and they also offer larger loans of up to $25,000 that can be approved based on repayment history and good standing among the group. Auto loans for the purpose of purchasing a vehicle for business use and credit building loans are also offered.
They provide one-on-one business coaching, technical assistance and regularly host educational webinars offered in English, Spanish and French. Additionally, in partnership with LifeCents, Life Asset offers a self-paced, online financial wellness training at no cost.
- Access to Capital
- Credit Counseling
- Micro-Loan Packaging
- Business Licensing & Registration Assistance
- Business Management
- Business Operations
- Business Plan Development
- Business Start-Up Information
- Phone Consultation
- Start-Up Feasibility Analysis
- Strategic Planning
- Video Conferencing Consultation
- Business Development
- Customer Relations & Satisfaction
- Sales & Marketing
- Social & Other Web-Based Media Training
- Management & Leadership
- Property Improvements
- Site Location Assistance
- Storefront Improvement
- Storefront or Façade Improvement
- Financing
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