Access $300k in Funding for Your Business
- Jazzy T
- Apr 24
- 2 min read
Updated: Apr 24
From microloan programs to business development courses to $5,000 pitch competitions, the Enterprise Center at Pathstone is doing real work to support entrepreneurs—especially those who have been historically left out of the funding conversation.
In fact, they recently received $300,000 from the SBA to help small business owners in Buffalo and Rochester, NY. And chances are, you qualify.
In Episode 3 of Elevating Enterprise Podcast, we sat down with Yahaira Zapata, Deputy Director of Economic Development at the Enterprise Center at Pathstone, for what we’re calling a funding masterclass. She’s helped countless small businesses—from side hustlers to seasoned entrepreneurs—secure funding the right way. And her insights are a must-hear for anyone trying to grow strategically.
So you’ve got a business plan, a dream, and you’re ready to take things to the next level—but you need capital to do it. Maybe you’ve already been Googling business loans, checking rates, or considering one of those “easy approval” offers in your inbox.
Pause.
Before you sign that loan agreement or swipe your business card, you need to ask yourself one question:
“Is this loan really setting me up for long-term success?”
Because here’s the truth: Not all funding is good funding.
🚫 The Real Risks Behind Quick Business Loans
Yahaira explained that many entrepreneurs—especially women and BIPOC business owners—end up locked into high-interest, predatory loans simply because they didn’t know where else to turn.
“Just because you can get approved online, doesn’t mean you should,” she warns.
Loans with 30-40% interest rates or aggressive repayment terms can bleed your business dry before you even get off the ground.
✅ 3 Things You Should Do Before Taking Out That Loan
Know your numbers. Map out exactly how much you need and how you’ll use it. Lenders want to see a plan—not a guess.
Check your credit—but don’t panic. Even if your credit isn’t perfect, many CDFIs (Community Development Financial Institutions) like the Enterprise Center look at the whole picture, not just a number.
Get into the room early. Start showing up to free trainings, workshops, and info sessions. Not only will you be better prepared, but building relationships early puts you top of mind when funding becomes available.
🎧 Want the Full Funding Game Plan?
There’s way more where this came from. In this episode, Yahaira breaks down:
What lenders actually look for (and what’s a red flag)
How to rebuild after pandemic-era credit challenges
What free programming can really do for your business growth
Why “relationship-based lending” is the move for MWBEs
🎙️ Listen now on Spotify | Apple Podcasts | iHeart Radio or via Desktop
Funding Doesn’t Have to Be Complicated—or Costly. There are free educational resources to support your small business needs.
Loan Readiness Training Series: Info Session
Hosted by ROCEDC & The Enterprise Center at PathStone
May 6, 2025 5:30 PM - 7:30 PM
An in-person session introducing a multi-week training series focused on preparing small businesses for financing. The info session will cover topics, timelines, and how to enroll.