Halcyon Microloan Fund
The Halcyon Microloan Fund provides loans of up to $25,000 to Halcyon ventures in the Washington region that want an alternative to traditional funding for early-stage businesses, like friends and family rounds or bank loans.
These microloans offer low interest rates and delayed repayment terms, with no credit check or collateral needed. To secure a loan, eligible ventures must demonstrate a connection between the requested funds and specific capital needs that, when met, will serve to increase revenue.
Why it matters
Venture capital isn’t the answer for every founder, at every stage. Microloans provide a valuable non-dilutive alternative that can help a venture meet a growth opportunity that requires funding, with manageable costs.
In particular, microloans are a valuable tool for early-stage entrepreneurs who don’t want to raise friends and family rounds or apply for bank loans.
Eligibility
To be eligible for the Halcyon Microloan Fund, founders must be current or past participants in Halcyon’s fellowship programs, and must be located in the Washington, D.C. region. Eligible applicants can inquire for more information by emailing p.vanduinen@halcyonhouse.org.