Kweisi Mfume (pronounced Kwah-EE-see Oom-FOO-may), was born, raised and educated in the city of Baltimore and it was there that he followed his dreams to impact society and to help shape public policy.
He attended Morgan State University in Baltimore, Maryland where as an honors student he graduated magna cum laude. He later returned there to join the staff as an adjunct professor teaching courses in Political Science and Communications. He was voted the University’s 2013 Alumnus of the Year.
Small Business Assistance and Information
What are my options for obtaining capital to start or expand my business?
The SBA administers an array of loan programs to help businesses start, expand, and recover from disasters. Below are programs SBA offers to help your business succeed:
• The 7(a) Loan Program is SBA’s primary business loan program, assisting small businesses to obtain financing when they are unable to obtain traditional credit.
• The 504 Certified Development Company Program provides long-term, fixed rate financing for businesses to acquire real estate, buildings, or heavy equipment and machinery.
• SBA’s Microloan Program provides loans to non-profit intermediary lenders who in turn lend the funds in amounts of $50,000 or less to the smallest of small businesses and start-ups.
• The Small Business Investment Company (SBIC) Program provides long-term loans and equity capital to high- growth start-up businesses.
• The Community Advantage Program is a pilot initiative intended to increase the number of SBA lenders making loans to underserved communities.
• SBA provides low interest, long-term loans through its Disaster Loan Program to businesses of all sizes, private non-profit organizations, homeowners, and renters. These loans can be used for physical and economic damage caused by a declared disaster.