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UBS Provides $5 Million in Alternative Financing for Small Businesses in Florida

VEDC and Neighborhood Lending Partners (NLP) form Greater Miami Business Opportunity Fund to bring new source of capital and extend UBS’s Elevating Entrepreneurs program to help create jobs and strengthen local economies.

December 4, 2014 - UBS today announced the funding of a small business loan program through the Greater Miami Business Opportunity Fund (GMBOF), a lending vehicle for small businesses across the state of Florida. Located in Miami, FL, GMBOF will provide up to $5 million of alternative financing solutions for qualified existing small business owners seeking loans of $50,000 to $500,000. With small business representing 98.9 percent of all employers in Florida, GMBOF meets an important need for the state, as funding of this type is not currently readily accessible. CONTINUE READING...
Eligibility
  • Seek to grow your for-profit business that has been in operation for at least two years
  • Employ between 4 - 100 employees
  • Have revenues between $150,000 and $4 million
  • Are located in the Los Angeles metropolitan area
  • Lack other sources of financing
Loan proceeds can used to cover working capital, purchase equipment and inventory, buy another business, make tenant improvements, finance real-estate and engage in business related construction. Real estate investment or development projects are ineligible.
One of the major barriers for today’s small business is access to capital; VEDC can help refer/advise/package the best loan program to meet your needs.
 
Knowledge is Power! ---Especially in today’s world of small business ownership.
 
The bottom line for VEDC is one thing---jobs.  Job creation aids our economy, signifies growth and prosperity, and creates self-sufficiency opportunities for residents of our community.
 
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VEDC has formed the Tri-State Business Opportunity Fund to provide financing for high-growth businesses in the New York Tri-State area to help them expand and create jobs. The Tri-State office is made possible by funding from UBS and is validation the VEDC’s proven approach is a sustainable and impactful way to make capital more available to small businesses that otherwise wouldn’t have access to the resources they need to start up or grow.

The Tri-State Business Opportunity Fund (TBOF) offers $50,000 - $500,000 small business loans to start-up and existing businesses operating in low to moderate income communities. For more information... You can contact the Tri-State Business Opportunity Fund at 212-231-4310 or via email to jlee@vedc-tbof.org.

Aquaria Funds
Women’s Business Center
San Fernando Valley Financial Development Corporation
Microloan Program
Pacoima Development Federal Credit Union
 
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