Building Generational Wealth

Ownership gives our community power.

 

Businesses Achieving Wealth

Property ownership can be a pathway to building wealth, especially in the Latinx community. Small business property ownership makes displacement harder and keeps the people that build our local economy in the neighborhood. The Northwest Side CDC is committed to helping small business owners purchase a property in the community through small business coaching and resource guidance.

 

HOW WE HELP

  • Financial prescreening

  • Credit counseling

  • Lender connections

  • Documentation and application guidance

  • Connection to Legal assistance

 

What you will need

  • Business Owner ID(s)

  • Business Formation/Incorporation documents

  • 2 years worth of your most recent tax returns.

    • Personal and business

  • A Profit and loss statement from the last year and a Year to Date one,

  • A Year to Date balance Sheet.

  • Typically, business owner should have 10% - 25% of sale price ready for a down payment on the property.

  • Typically business owner should have credit score above 650.

 

the process

 
 
 

Ready to start the process?

Complete the form in the button below. Once, you have completed the form, contact Jessica Vazquez at jvazquez@northwestsidecdc.org or call 216-260-6345.