SparkleBIZ is the resource arm of the Sparkle Foundation. We invest in single mothers who need short term, interest free loans for their business.
We are an advisory panel of like-minded business-owners that can help guide you toward success -- your own “Personal BOD.” This panel could include tax, legal, insurance, marketing, etc.. The appointed advisory board would help recipients and in turn, would watch over the SparkleBIZ investment. Sparkle would not take a stake in your business.
The SparkleBIZ Initiative
WHAT WE DO
We believe that single mothers are the hardest working, most dedicated entrepreneurs out there.
SparkleBIZ wants to fund their dreams. We invest in single mothers who need short term, interest free loans for their business.
SparkleBIZ provides these micro-loans to start or expand their businesses and adds value with access to a panel of industry.
THE PROGRAM
Once qualified our entrepreneurs receive an interest free business loan ranging from $5-15k due in 18-36 months.
To further guarantee their success and nurture their journey, we partner them with an advisory panel of industry specific experts.
This panel provides guidance in decision making, implementation of best practices and act as a sounding board during critical moments in their business.
The Funding Process
01
Applicant applies online.
02
Applicant goes through underwriting review.
03
Applicant progresses to present to a panel.
04
Successful applicant is assigned board.
05
Funds are allocated to the recipient.
06
Loan is paid back through with agreed terms.