October 23, 2015 (New York) – VEDC and JPMorgan Chase & Co. today announced a new lending program for African American-owned small businesses in New York City, Chicago and Los Angeles. […]
How does micro-lending change how businesses obtain access to capital and move from conception to operation? […]
Funding from JPMorgan Chase has enabled VEDC to open the Boyle Heights Capital Access Center to serve as a transitional financial and retail assistance service center in this underserved neighborhood in Los Angeles. […]
Sway-A-Way, Inc. has been in business since 1988 manufacturing high performance suspension products for cars, trucks, off road race cars and circle track cars. […]
What are microloans? What have they done for small businesses around the world? How does this affect economies? […]
The effects of microlending can be felt all throughout the United States (and countries all over the world). […]
The selection of borrowers by any lender can be a complicated process. Lenders consider a variety of factors when deciding to extend a line of credit to a borrower. […]
VEDC announced a $500,000 small business loan to Gunbae, an upscale Korean-BBQ karaoke restaurant opening today in Lower Manhattan, through the Tri-State Business Opportunity Fund (TBOF). This will result in the creation of 40 new full-time jobs, along with 12 construction jobs, in a community still recovering from economic and natural disasters, including Hurricane Sandy. [...]
LOS ANGELES— VEDC announced today that thanks to a $2 million grant from the Sam’s Club Giving Program, they will leverage the formation of a $20 million National Microfinance Fund (NMF) to expand their small business loan portfolio to include lending to micro-lenders across the country. […]
LOS ANGELES— JPMorgan Chase has awarded a $1 million grant to VEDC to boost the organization’s infrastructure as they expand their outreach to small businesses in eight states. JPMorgan Chase has been a longtime supporter of VEDC as they strive to meet the capital needs of small businesses in underserved communities. […]