FAQ
Frequently asked questions about The Solutions Lab
What is The Solutions Lab?
The Solutions Lab is a nonprofit program that supports entrepreneurs with disabilities by pairing social capital (mentoring, coaching, business planning, and benefits navigation) with financial capital (patient, flexible small business loans).
Who can get support from The Solutions Lab?
People with disabilities who are pursuing self-employment, whether at the idea stage or already in operation. The focus is small businesses built to provide real, sustained employment for the owner and their team, especially in mid-size communities and rural areas.
How much can I borrow, and at what interest rate?
Loans are typically $5,000 to $25,000, and up to $50,000, at market rates of 4% to 5% for this credit-risk profile.
Do I need a good credit score to qualify?
No. Selection is based on capital-readiness, ability to create immediate impact, and long-term potential, not prior credit history. Underwriting is flexible, and every loan helps build a credit history.
Does The Solutions Lab take equity in my business?
No. The Solutions Lab never takes equity. Every loan is a real loan, not a gift, and not an investment in exchange for ownership.
What can the loan be used for?
Examples include equipment purchases, facility upgrades, trainings and certifications, website and IT upgrades, and inventory.
Will growing my business affect my disability benefits?
Rising income can affect benefits such as Medicaid, SSI, or SSDI. The Solutions Lab provides benefits navigation services so entrepreneurs can understand the growth of their business in the context of managing eligibility for benefits.
When do applications open?
Applications are not open yet. The Year 1 pilot is designed to support 3 to 5 entrepreneurs.