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Amplify Equity
Financial Services
Elmira, NY 108 followers
Empowering communities & breaking barriers to entrepreneurship through education, mentoring, and character-based lending
About us
Amplify Equity supports community development by promoting equity and opportunity for people of color, women, justice-impacted, low-income and other historically marginalized communities through financial assistance, education, and mentoring. AE seeks to reduce barriers to entry for entrepreneurs and support those excluded from traditional lending due to situational and systemic barriers. By pushing back on harmful and discriminatory practices, we envision a better model for equitable access to capital. By pushing back on systems rooted in oppression, we seek to amplify racial and economic justice. We believe that everyone deserves an equal opportunity to start or grow a business, regardless of their financial situation or background. We recognize that marginalized communities face unique challenges and barriers to accessing the resources and support they need to operate their businesses. AE serves to bridge this gap in access to capital and business knowledge for these communities. AE’s approach is two-pronged. The Community Loan Fund seeks to reimagine lending by focusing on character, not credit. We do not take collateral or require a down payment, nor do we base a decision on a credit score. We provide loans of up to $20,000, to be paid back within 5 years at 8% interest. There are no fees when applying for a loan, and we lower the client’s interest rate by 2% each year, as long as they keep making payments. The Business Accelerator at The Equity Lab provides free online business courses, business mentoring, and support for enrollees as they move through the courses, and post-loan if they choose to pursue one. A rolling admission and self-paced online accessibility help mitigate barriers to entry, allowing easier access for the communities we serve.
- Website
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www.amplifyequity.com
External link for Amplify Equity
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- Elmira, NY
- Type
- Nonprofit
Locations
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Primary
Get directions
168 N. Main St.
Elmira, NY 14901, US
Employees at Amplify Equity
Updates
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Let's hear it for Boricana, LLC for bringing a big splash of diversity to our community! We are HERE for it! YOU can be here for it, too — no matter where you are, who you are, or how many dollars you've got to give. Get in on the action! Create more opportunities for entrepreneurs TODAY! https://lnkd.in/gHQzqfqr
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We meet each person where they're at in their entrepreneurial journey. No judgment. Individually tailored education. Lending that focuses on the person in front of us—NOT their financial history. And one-on-one mentoring—as much as they need, for as long as they need it. We can't do it without YOUR SUPPORT! Whether you're able to give $5, $50, or $500: What matters most is knowing you've got our backs—and these entrepreneurs' backs—and that you're on this team with us. Click here and make an impact today: https://lnkd.in/gHQzqfqr
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"It's not just about business growth; it's about brewing up a stronger, more vibrant community—one cup of joe at a time!" - Tina Smith, owner of Holy Grounds Coffee Shop (opening soon!) in Elmira, New York. We can't say it better than Tina! Your support is the coffee spill of goodness Amplity Equity needs to brew up stronger communities—today, tomorrow, and for years to come! Click here to donate: https://lnkd.in/gHQzqfqr
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A person is not their credit score! You know it. We know it. Help us amplify entrepreneurs as they prove it. Invest in opportunity! Click here and make an impact with your donation today: https://lnkd.in/gHQzqfqr
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Your donation of ANY size is an investment in the dreams, hard work, and triumphs of underrepresented entrepreneurs. YOU can help turn vision into reality with your donation today! Every single dollar counts. Let's make some real change—together. Click here and join the movement: https://lnkd.in/gHQzqfqr
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Listen up! You love pickleball. We love pickleball. We ESPECIALLY love Pickleball Mania, whose incredible owner Lesa Carter is serving up a ton of fun in Ithaca for the community! We're so proud to work with Lesa and to celebrate her success. Are you ready to get in on the action? Join our team with your donation of ANY size and help Amplify Equity keep saying "yes" when the banks say "no." Click here to donate today: https://lnkd.in/gHQzqfqr
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Help us keep helping entrepreneurs like Jen turn their vision into reality. We could not be more proud to work with Beautifully Charcuterie! DONATE TODAY to break barriers and build bridges for folks who can't access personalized business education, mentoring, and access to capital anywhere but Amplify Equity. Let's come together and build an economy where EVERYONE has a fair chance at success! Click here to donate: https://lnkd.in/gHQzqfqr
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Why do we do what we do? And why do we want YOU to be part of it? Because of amazing entrepreneurs like LaTeka and her business, The Juice Collective, LLC! (And the pink flamingos, of course.) The Juice Collective just celebrated its first anniversary in Brick and Mortar! Check it out, go get some juice if you're local, and get in on this movement to amplify and support entrepreneurs with your donation to Amplify Equity today! https://lnkd.in/gHQzqfqr And here's The Juice Collective's website: https://lnkd.in/dzjSrkk2
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We are off to the races this Monday! YOUR SUPPORT is the fuel we need to keep helping historically marginalized entrepreneurs reach their destination: successful businesses, thriving communities, and a world where EVERY entrepreneur has an equal chance to turn their vision into reality. Step on the gas—there's no time to waste! Click here to donate to Amplify Equity today: https://lnkd.in/gHQzqfqr
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