What is Micro Enterprise Services?
Micro Enterprise Services (MESO) of Oregon, established in 2005 as a grassroots initiative under The Black United Fund of Oregon, plays a critical role in supporting small businesses facing challenges from urban development and rising operational costs. As a designated SBA microlender, IDA fiduciary, USDA RMAP lender, and a Community Development Financial Institution (CDFI), MESO provides comprehensive services. These range from asset building and credit preparedness to facilitating initial loans and supporting business expansions, thereby filling a vital niche in the entrepreneurial ecosystem.
How much funding has Micro Enterprise Services raised?
Micro Enterprise Services has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Micro Enterprise Services
PPP
Public-Private Partnership
Undisclosed Investor 1
An undisclosed investor contributing to this funding round, indicating strategic alignment with Micro Enterprise Services' mission.
Undisclosed Investor 2
Another undisclosed entity providing crucial capital, highlighting confidence in Micro Enterprise Services' operational model and market impact.
What's next for Micro Enterprise Services?
With its recent large-scale, late-stage funding, Micro Enterprise Services is poised for significant expansion and enhanced service delivery. This strategic investment will likely fuel the scaling of its microlending programs, broaden its reach to underserved entrepreneurs, and potentially develop new financial tools to address evolving market needs. The company's robust CDFI status and multiple SBA designations position it to leverage this capital for maximum community impact and sustainable business growth.
See full Micro Enterprise Services company page
