Microfinance Focus, September 20, 2011: The non-profit entrepreneurial support organization, The Braintree Business Development Center has launched its Appleseed Microfinance loan fund that will provide small capital to Northeast Ohio entrepreneurs.

The fund is designed to meet specific needs of eligible companies which can use the money for equipment, inventory, business debt restructuring, working capital, and short-term projects.

In addition to capital, Braintree offers experienced mentors and includes the resources of a Small Business Development Center, a Manufacturing and Technology Small Business Development Center, and an International Trade Assistance Center. It is a member of the JumpStart Entrepreneurial Network, a connected group of advisors, incubators, and funds working across 21 counties of Northeast Ohio.

Appleseed Microfinance was implemented a few months ago, but its investment capabilities and its reach will continue to expand as more money becomes available.