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Featured News Article

VEDC Forms National Microfinance Fund with Grant from Sam's Club Giving Program

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. The NMF will begin rolling out in California and expand as far as Nevada, Utah, Arizona and Oregon in the initial stages.

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Local Business Opportunity Funds

VEDC is expanding nationally to change the way small business lending is done. Its proven approach is a sustainable and impactful way to make capital more available to small businesses that otherwise can't get it, so they have the resources they need to start up or grow. 

Through a $20 million loan fund, UBS is increasing VEDC's capacity as a national lender. VEDC's growing footprint enables small businesses, banks and foundations to work with one experienced partner and have a greater impact. UBS Business Opportunity Funds with VEDC currently offers small business funds in Los Angeles, Chicago metro area and in New York to serve the tri-state area. 

The Business Opportunity Funds are part of UBS's Elevating Entrepreneurs ("EE") program, which provides mentoring and educational opportunities in addition to access to capital to high-potential entrepreneurs poised to expand their companies. EE is a joint undertaking of UBS Community Affairs Americas and UBS Bank USA, with program offerings in Chicago, Los Angeles, Las Vegas, New York and Salt Lake City. 

Discover the funding opportunities waiting for you and your small business.
 

VEDC is a proud member of the Opportunity Finance Network.*

Opportunity Finance Network

*the leading national network of community development financial institutions (CDFIs) investing in opportunities that benefit low-income, low-wealth, and other disadvantaged communities across America.