Are there micro loans available for prison inmates when they’re released? The loan will be to help the restart their lives as adjust to life out of prison.
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Are there micro loans available for prison inmates when they’re released? The loan will be to help the restart their lives as adjust to life out of prison.
If an ex-con decides to go back to school or start up a business, there are short loans available for such purposes. An ex-con might be able to get a federal Pell Grant to start up a business or federal student loan to finance going back to school. Being a felon does not automatically disqualify you; financial need is the main criterion. Also, you can be on the lookout for government grants you can apply for.
I don’t think there are provisions made for that. So, you’ll have to go all the way for yourself. GoFundMe is a site that has helped lots of individuals receive donations from people for different purposes. Just create a campaign and share it on social media. Because the site acts as the go-between, donors feel confident giving money. Most people use GoFundMe to finance things like education, medical expenses, or charitable donations, but if you can create a convincing case for why people should finance your startup, this could be the perfect solution to getting the financing you need.