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Goldman Sachs 10,000 Small Business Initiative
Goldman Sachs 10,000 Small Businesses is an investment to help small businesses create jobs and economic opportunity by providing greater access to business education, financial capital, and business support services. The program is based on the broadly held view of leading experts that greater access to this combination of education, capital and support services best addresses barriers to growth. 10,000 Small Businesses is funded by Goldman Sachs and The Goldman Sachs Foundation.
 
Loans are available from $50,000 to $400,000. The funds can be used to cover working capital, purchase equipment and inventory, buy another business, make tenant improvements, finance real-estate and engage in business related construction. However, Real Estate investment or development projects are ineligible.
 
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
Key Loan Terms
  • Loans from $50,000 to $400,000
  • 5 years
  • Fees: 3 points + out of pocket costs
  • Interest rate: three month LIBOR + 7.5%
  • Collateral must be provided from available assets and the personal guarantee of each owner holding a 20% or more interest in the business
 
Apply now to get up to $400,000 to grow your business
What you will need...
  • A brief description of the project, including proposed sources and uses of funds
  • Corporate Financial Statements or Tax Returns for previous 3 years
  • Current Financial Statements (within last three months)
  • Personal Financial Statements and tax returns for previous 3 years of all principals who own more than 10% of the company
  • A credit release, authorizing VEDC to obtain personal and corporate credit reports
  • Schedule of outstanding debt
  • Copy of mortgage or lease
Contact Us
VEDC (VEDC) staff is readily available to assist you through the application process.

Contact Welmer Jurado today

Phone: (818) 907-9977

Email: wjurado@vedc.org

Website: www.vedc.org
 
 

Watch the Goldman Sachs 10,000 Small Businesses Video.
 

10,000 Small Businesses partnered with the VEDC in the Los Angeles metro area, to help qualifying small businesses get the financing they need to grow and create jobs.
Goldman Sachs 10,000 Small Businesses is an initiative to unlock the economic growth and job-creation potential of 10,000 small businesses across the United States through greater access to business education, financial capital, and business support services.

VEDC (VEDC) is a proud partner of Goldman Sachs 10,000 Small Businesses in Los Angeles. The program is designed to help local small business owners create jobs and economic opportunity through greater access to business education, financial capital and business support services.

VEDC is the largest non-profit small business lender in metro Los Angeles and offers direct micro and small business loans as well as SBA 7(a) and SBA 504 loans. With seven locations throughout the Los Angeles area, VEDC supports small business owners with the goal of creating and sustaining jobs and businesses in low to moderate income communities by providing high-quality economic development services.
 
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VEDC • 5121 Van Nuys Blvd., 3rd Floor Van Nuys, CA 91403 • P: (818) 907-9977 • F: (818) 907-9720 • TF: 1-800-304-1755 • Email: info@vedc.org