Unlocking Financial Stability through LEDC
As an entrepreneur or community leader, you may be familiar with the challenges of helping underserved and underrepresented groups access formal U.S. financial systems and manage the conditions that impact their financial stability. Fortunately, there is help! The Latino Economic Development Corporation (LEDC) is a nonprofit 501(c)(3) corporation that works to improve the wealth-building capacity of low- and moderate-income Latinos and other underserved communities in the Washington D.C. Metropolitan Area.
How LEDC Works
LEDC works with entrepreneurs, business owners, homeowners, and low-income families to provide vital support services such as financial literacy training; small business development; foreclosure prevention counseling; income tax preparation services; homebuyer education classes; access to capital financing for businesses and housing projects; housing counseling services; job skills training programs; first time homebuyer seminars; credit repair workshops; loan packaging assistance for start-up businesses; youth financial literacy programs; public policy advocacy initiatives and more. All of these programs are designed to improve economic development in underserved communities by increasing access to resources that can lead to long term success.
LEDC also offers technical assistance to individuals who are looking to start or expand their business operations. This includes providing guidance on developing a business plan, applying for loans, obtaining financing, marketing strategies, identifying target markets, and accessing capital resources. Through its Business Education program, LEDC provides personalized one-on-one counseling sessions with experienced business advisors who can provide advice on how to navigate the world of finance and succeed in one’s business venture.
Additionally, LEDC currently has a range of loan products available for small businesses seeking capital from $2,500 - $250K+. These loans can be used for working capital needs or equipment purchases/refinancing plans or real estate acquisition or refinancing projects among other options depending on an individual’s needs.
Finally, LEDC also offers free one-on-one credit counseling sessions as well as free seminars on topics including budgeting tips & money management strategies so individuals can make smarter money decisions during tough economic times. It is through this holistic approach that LEDC works towards creating successful outcomes for those it serves by providing them with access to resources necessary for sustainable economic development within their respective communities.
As leaders in your communities - whether it's as small business owners or entrepreneurs – it is important that we work together towards creating pathways towards success for those around us who are still struggling financially due to systemic barriers they face every day simply because of their identity or background . By partnering with organizations like Latino Economic Development Corporation (LEDC), we can create positive change in our communities by unlocking potential areas of growth while helping bridge gaps between individuals seeking financial stability through access to resources they need but don’t have at their disposal otherwise.. Together we can help make a difference!
Contact Information
Emi Reyes
Chief Executive Officer
1401 Columbia Rd, NW Unit C-1
Washington, DC 20009--471
ereyes@ledcmetro.org