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. […]
Women-owned businesses can be found in all industries and sizes, but many of them are hidden in plain sight in home-based enterprises. These small businesses are making a difference in local economies – even those run from the family dining room table. […]
One day, Michael Elliot, an award-winning Hollywood screenwriter, noticed that nail salons seemed to be solely directed towards the women of the world. […]
LOS ANGELES, May 29, 2012— VEDC is proud to announce the Grand Opening of their second Los Angeles Business Source Center in the San Fernando Valley. […]
Where’s the Money?® Access to Capital Business Expo a Success in San Diego — Nearly 200 Small Business Owners Attended Business Expo […]
LOS ANGELES— Chase has awarded a $5 million grant to VEDC to generate the loans small and medium-sized businesses need to sustain and expand their businesses and to hire more Californians. […]