POM Capital & Funding Announces New Minority Business Loans

Applications for Veterans, Women, Minorities, and LGBTQ Community Now Available.

Centerport, NY, USA – March 21, 2022 – POM Capital and Funding has announced a new round of loans geared specifically to the minority business community. Minority business applicants often shut out of the funding market, will find a welcome at POM. Self-described as a veteran-owned entity, POM specializes in helping minority-owned companies secure funding to get new businesses off the ground or keep established businesses growing and competitive. With the new minority loan offering, POM says it hopes to even the playing field for groups too often shut out of traditional funding sources.

In the recent Covid-19 pandemic, minority-owned businesses saw declines in cash balances up to nine times as steep as those of non-minority firms. Census data indicates that gaps in minority business funding cost the country as much as U$300 billion in lost income and as many as 9 million jobs. A Kellogg Foundation report indicates the opportunity cost of not closing the minority business lending gap soon will decrease potential tax revenue by 8 trillion in gross domestic product.

POM’s position is clear: a lending bias toward minority groups virtually eliminates dozens of business enterprises that might have otherwise contributed to the American economy. The company believes finding the right funding should not be as hard as it is. It wants to rectify that by helping veterans, women, minorities, and the LGBTQ community secure the funds needed to start or grow a current business.

Minority business owners should apply now to:

• Expand Operations

• Alleviate Temporary Cash Flow Problems

• Stabilize Working Capital

• Purchase Necessary Assets

• Hire Employees

Applications for loans are available immediately for all types of businesses. Being turned down by other lenders does not disqualify you. Applicants should contact POM at (631) 354-9290 or by email at info@pomcfs.com to set up a no-obligation consultation with one of its financial experts.

Contact:

POM Business Loans

Address: 22 Harbor Circle, Centerport, NY 11721

Phone: (631) 354-9290

Email: info@pomcfs.com

Website: pomcfs.com

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