Ecosystem Map The Coalition Website

Life Asset

Our lending model is based on social collateral (the Grameen Bank model). We are a nonprofit, certified CDFI (Community Development Financial Institution), and an SBA microlender. Life Asset's mission is to provide microloans and training to small businesses, creating jobs and financial self-sustainability.

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Contact Information
Branches available in DC (NW and NE) and Rockville, MD. By appointment only
(202) 709-0652 https://lifeasset.org/
Community development financial institutions (CDFIs) are lenders with a mission to provide fair, responsible financing to underserved communities, including low-income neighborhoods and small businesses, that mainstream finance doesn’t traditionally reach.
Locations Served
Districtwide
Maryland
Languages
English
French
Spanish
Decision Making Process
Yes
Reasons for reject
Repayment capacity, insufficient number of bank statements, poor repayment history with Life Asse
General Information

Martha Leuro | Loan Officer | (202) 709-0652 | mleuro@lifeasset.org

Advisory Services Offered

Products & Services

Products & Interest Rates

  • Secured Term loans: 6%
  • Unsecured Term loans: 6%
  • Secured Lines of credit: 6%

Loans Offered

  • Small business microloans:
    • under $5k
    • $5,001 – $50k
Eligibility & Requirements

General Requirements †

  • Personal Credit Score:
    N/A
  • Business Credit Score:
    N/A
  • Personal Guarantee:
    No
  • Collateral:
    Social Collateral (Grameen Bank Model)
  • Number of Months Financial Statements:
    3
  • Years in Operation:
    N/A
  • Annual Revenue:
    N/A
  • Other:
    ID, SSN or ITIN, ACH Information

Ineligible Loan Uses ‡

  • Repayment capacity
  • Insufficient number of bank statements
  • Poor repayment history with Life Asset and federally illegal industries

† Note: These are generally required
‡ Items, industries, and/or purposes that are not eligible for financing