Meet Your Micro-Loan Team
From left to right: Aida Ibragimova, Michael Green, Ankica Vukomanovic, Dan Montrey, Andy Gorman, Galen Gondolfi, and Trina Roberson
Micro-Loan Application
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SBA MICRO-LOAN
As a U.S. Small Business Administration Micro-loan Intermediary Lender, Justine PETERSEN borrows capital from the SBA and originates loans to entrepreneurs that do not have access to commercial or conventional loans. The typical loan from this fund is under $5,000.
EMERGING MARKETS LOAN FUND
Justine PETERSEN wholly-owns a U.S Department of Treasury certified Community Development Financial Institution, Great Rivers Community Capital. One of Great Rivers' loan products is the Emerging Markets Loan Fund. The mission of the Emerging Markets Loan Fund is to provide access to safe, affordable capital to small businesses overlooked by mainstream financial institutions. This loan pool is funded by local investors and the CDFI Fund. The average loan size is $10,000.
MADISON COUNTY (IL) LOAN FUND
The Madison County Loan Fund was created by the Madison County Treasurer’s Office to satisfy the overall need for capitalization for new and existing small, private sector businesses in Madison County, IL. The Madison County Treasurer’s office has a role in promoting economic development and the economic well-being of Madison County and seeks to create job opportunities within the county. The Treasurer’s office has partnered with Justine PETERSEN and TheBANK of Edwardsville. Justine PETERSEN is responsible for the overall administration of the Micro Loan Program by providing low interest loans with substantial technical assistance. TheBANK of Edwardsville is the program’s financial sponsor as part of its commitment to the small business community. The loan program is based on donations received from TheBANK of Edwardsville that Justine PETERSEN used to establish a ten year revolving loan fund.
FRANKLIN COUNTY (MO) LOAN FUND
In partnership with St. Peter’s United Church of Christ, Justine PETERSEN formed the Franklin County Loan Fund to provide access to capital to businesses in and around the Franklin County region.
GREEN LOAN FUND
The Green Loan Fund is for small businesses that are socially and environmentally responsible in the way they source, manufacture, and market their products and run their offices and factories. Green Businesses focus on using business as a tool for positive social change. To qualify for a Green Loan, businesses must demonstrate their commitment and significant action in both environmental stewardship and social and community responsibility.
