Karla Morales was on the search for capital to support her startup cleaning business for two years. After having multiple loan applications rejected because her business, Your Home Detox , was too new and didn’t have enough credit history, Morales was at her wits end. Then, she heard about a new initiative by Eastern Bank aimed at helping business owners and entrepreneurs from underrepresented backgrounds like Morales, who is queer and Latinx. Your Home Detox/ Bohio Clean (Morales’ newest cleaning venture) is the first to secure a loan through the bank’s Equity Alliance for Business . “I see money as a form of energy to be reinvested to do the things that you feel called to do. And for this business, it’s to reinvest into the business so that we can grow,” said Morales, whose loan was $100,000. “So I’m excited and I’m happy about it. It’s very reaffirming.” Get Innovation Beat Boston Globe tech reporters tell the story of the region’s technology and innovation industry, highlighting key players, trends, and why they matter. Enter Email Equity Alliance for Business — which Eastern is officially launching Thursday — provides businesses owned by women, people of color, queer folks, veterans […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
