At a glance
From its website, read 2 Nov 2026Harlem Entrepreneurial Fund, LLC is a loan fund based in New York, New York. Its website describes microloans and small-business loans. Stated loan amounts run from $2,500 to $350,000. Where it lends: Harlem, Washington Heights, Inwood, Queens and the Bronx. It says it considers borrowers with low or no credit history. You can start an application online.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Main | (212) 749-0900 source |
|---|---|
| loans@hefnyc.org source | |
| Apply online | Page with the application link |
| Website | www.hefnyc.org |
| Office (official list) | 361 West 125th Street, 2nd FL, New York, NY 10027 |
What their website says about applying
Send us the business name, how long you’ve been operating, roughly what you need and what it’s for.
sourceTell us the amount, what it is for, and how long you have been trading.
sourceSpeak to a lending officer about whether this is likely to work before you gather paperwork.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Loans (general) | Term: see their wording | 12 months – 10 years | source |
| Microloans | Term: up to 7 yr | Up to 84 months/7 years | source |
| SBA-backed loans (7(a)/504/Community Advantage) | Term: up to 10 yr | Up to 10 years | source |
| Small-business loans | Term: up to 5 yr | Up to 5 years | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Minimum time in business: 2 years
Must be in business 2+ years
source - Low or damaged credit considered
A thin or bruised credit file is a question we ask about, not a door that closes.
source - Collateral flexible or not always required
small businesses, those with limited collateral
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 22 May 2015 |
| RSSD ID | — (none listed) |
| Address | 361 West 125th Street, 2nd FL, New York, NY 10027 Directions (Google Maps) |
| Website | www.hefnyc.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 6 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. The Community Advantage page has no loan terms, and the $350,000 SBA Community Advantage ceiling appears only in the home page product list. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Microloans | up to $50,000 | The SBA Microloan program provides loans up to $50,000, with competitive loan terms and interest rates. | source |
| Small-business loans | up to $250,000 | for loans of up to $250,000 so that you have the funds you need to maximize your business. | source |
Loan sizes
$2,500 to $350,000. Amounts below are the ceiling on each product; final terms come out of underwriting.
sourceAffordable loans from $2,500 to $350,000 for small businesses in Harlem, Washington Heights, Inwood, Queens and the Bronx.
sourceThe SBA Microloan program provides loans up to $50,000, with competitive loan terms and interest rates.
sourcefor loans of up to $250,000 so that you have the funds you need to maximize your business.
source
Range used for the size filter: $2,500 to $350,000
Service area
Harlem, Washington Heights, Inwood, Queens and the Bronx
Affordable loans from $2,500 to $350,000 for small businesses in Harlem, Washington Heights, Inwood, Queens and the Bronx.
source
Counties this matches: Bronx County, NY, New York County, NY, Queens County, NY
Borrower focus
- Not stated on the pages we read.
Languages
- No non-English service found on the pages we read.
Online application
Yes — the site links to an application. Start a loan inquiry
source
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What interest rate and fees should I expect on your microloans and small-business loans?
Their website does not state a rate for this. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$1.8 million in 5 awards from the U.S. Treasury's CDFI Fund, 2012–2024 (4 programs).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Financial Assistance | $322,000 |
| 2022 | CDFI Equitable Recovery Program | $1,074,824 |
| 2021 | CDFI Rapid Response Program | $200,000 |
| 2016 | CDFI Program, Technical Assistance | $124,358 |
| 2012 | CDFI Program, Technical Assistance | $87,500 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Largest loan its website states | $350,000 | Other loan funds whose website states a maximum: median $250,000. Higher than the stated maximum of 53% of these 184. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Largest stated loan | other loan funds stating a maximum, nationwide | 184 | higher than 53% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology.
SBA loans approved
SBA data as of 30 Sep 2026The SBA's public loan data lists 1 SBA-backed approval for Harlem Entrepreneurial Fund, LLC in fiscal years 2020–2026 (October 2019 to September 2026):
- 1 7(a) loans as the lender
By fiscal year: FY2020 0 · FY2021 0 · FY2022 0 · FY2023 0 · FY2024 0 · FY2025 0 · FY2026 1.
By program
- 7(a) standard (1, 100%)
How this lender was matched in the SBA files: SBA lender ID 0594383: same name, state and city (SBA lists “Harlem Entrepreneurial Fund, LLC”).
Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. Harlem Entrepreneurial Fund, LLC may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files.
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.
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- Community Development Trust, LP, TheLoan fund · New York, NYAffordable housing development loansVerified
- Community Development Venture Capital Alliance, TheVenture capital fund · New York, NYOfficial list only
Work at Harlem Entrepreneurial Fund, LLC? Link to this page
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