National African-American Small Business Loan Fund Update

2018-01-10T16:21:18-07:00May 25th, 2016|Blog|11 Comments

VEDC’s groundbreaking African-American Small Business Loan Fund has rolled out to Chicago, Los Angeles, and New York Tri-State area small businesses with enormous interest and success.

Since first announced, a total of 15 loans have closed deploying over $1.25 million to African American small business owners and 30 more loans in process totaling nearly $4.5 million. Of these businesses, 36% of the owners who receive capital through this program are women, a landmark number that purports the significance of this fund in African American communities and across the United States.

VEDC and our partners in Chicago, New York, and Los Angeles are proud to play a major role in the drive to build small businesses with the best and brightest entrepreneurs.

If you’re interested in applying for the African-American Small Business Loan Fund, follow the links above to pre-qualify and our team will reach out to you!

11 Comments

  1. Bennie Cobb October 23, 2017 at 7:20 am - Reply

    I am really looking for help with starting my own business. I would really like to know how you can help

    • Matt Chimento October 23, 2017 at 7:56 am

      Hi Bennie, thanks for reaching out! We’ll send you an email and figure out how we can help. -Matt

  2. businessloans May 29, 2018 at 6:11 am - Reply

    Great article! Thanks for sharing with us.

  3. Aaron July 30, 2018 at 10:50 am - Reply

    I am looking for help with starting my own business and getting working capital.

    • VEDC July 30, 2018 at 11:34 am

      Hi Aaron, I’ve reached out to you by email to ask some questions and better understand how we can help. Looking forward to helping! -Matt

  4. Jacqueline Knight March 23, 2019 at 8:45 am - Reply

    I am looking for help to fund a small business. Can we touch base?

    • VEDC March 25, 2019 at 4:43 am

      Hi Jacqueline! We’d love to speak with you. Call our Women’s Business Center between 9AM and 5:00PM, and our team members will help you get started: 1-818-907-9922.

  5. Erika Serna March 27, 2019 at 6:30 pm - Reply

    Hello! I am looking for funding for a restaurant business in the Dallas area, I see at this time you are only in LA, NY, and Chicago area. Do you know of any place in the Dallas area that I could speak with? Thank you

    • VEDC March 30, 2019 at 10:55 am

      Hi Erika, please check out Microloan.org and the list of lending and CDFI partners we have across the country. Our local partners near you can help your business!

  6. laquinta clark April 2, 2019 at 6:57 am - Reply

    Hello my name is Laquinta Clark I am from Jackson MS. I’m looking to start my own business and wanted to know how you could help.

    • VEDC April 4, 2019 at 5:23 am

      Hi Laquinta, thanks for your interest. While VEDC only operates in California, New York, and Chicago, we have partners all across the US who can help. Please visit Microloan.org to find a local CDFI or small business partner near you. Thanks!

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