Four Detroit-based minority-owned small businesses receiving $325,000 in loans are providing lighting, construction and retail services from the city’s neighborhoods to downtown
Detroit, December 3, 2015 /3BL Media/ – The Detroit Development Fund (DDF), JPMorgan Chase & Co. and the W.K. Kellogg Foundation (WKKF) today announced the first four Detroit-based minority-owned small businesses receiving loans and lines of credit from the Entrepreneurs of Color (EOC) Fund. The lending from this $6.5 million program is going to Detroit-based neighborhood businesses owned by entrepreneurs of color and businesses that primarily hire people of color.
LONDON, December 01, 2015 /3BL Media/ – With a US $5 million grant from Accenture (NYSE:ACN), Youth Business International (YBI) will enhance the capacity,scale and impact of its global network and equip 50,000 youth worldwide with entrepreneurial skills.
Unique initiative provides mentoring and capital to early-stage businesses, as well as learning opportunities for Macomb Community College’s students
WARREN, Mich., November 18, 2015 /3BL Media/ – Five early-stage companies from Macomb, Oakland, Washtenaw and Wayne counties will receive $300,000 in funding from the Innovation Fund Macomb Community College, Powered by JPMorgan Chase & Co.
Investment will provide small business loans for emerging entrepreneurs
MINNEAPOLIS, Nov. 16, 2015 /3BL Media/ – Wells Fargo & Company (NYSE: WFC) today announced it has provided a $1,000,000 Equity Equivalent Investment (EQ2) to Metropolitan Consortium of Community Developers (MCCD), a 501(c)3 organization that provides small business loans and technical assistance to emerging entrepreneurs who may be challenged to meet traditional underwriting criteria by virtue of being a start-up or those who have credit challenges and/or a shortfall of collateral.
Wells Fargo launches $75 million Diverse Community Capital Program
A nonprofit in Jackson, Mississippi, will use a $2 million grant from Wells Fargo to support commercial lending, outreach, and technical assistance programs for minority- and women-owned and led small businesses.
Three-year capital program created in collaboration with Opportunity Finance Network
SAN FRANCISCO, November 2, 2015 /3BL Media/ - Wells Fargo & Co. (NYSE:WFC) today announced the launch of its Wells Fargo Works for Small Business: Diverse Community Capital program. The three-year program will deliver $75 million in grants and lending capital to Community Development Financial Institutions (CDFIs) that serve diverse-owned small businesses.
The National African American Small Business Loan Fund will increase economic opportunity for small businesses that lack access to credit and primarily serve low-income communities in New York City, Chicago and Los Angeles
NEW YORK, October 23, 2015 /3BL Media/ – VEDC and JPMorgan Chase & Co. today announced a new lending program for African American-owned small businesses in New York City, Chicago and Los Angeles. The National African American Small Business Loan Fund will boost economic opportunity for minority-owned businesses in these cities and help them serve low-income communities by providing them with greater access to capital, technical assistance and financial consulting.
October 14, 2015 /3BL Media/ - The World Environment Center (WEC) announced today the successful completion of a U.S. Department of State funded project to expand the sustainable development commitments of Moroccan businesses by Improving operating costs, reducing materials, energy and water consumptions, and minimizing solid waste, wastewater and e air emissions. WEC has partnered with the Casablanca-based firm RIO (Reduce-Invent-Optimize) to implement the local activities and provide advanced technical expertise for the project.
Kiva San Francisco Connects Local Small Businesses Owners with 0% Interest Crowdfunded Loans to Help Them Start, Sustain and Grow Their Enterprises
October 2, 2015 /3BL Media/ - San Francisco-based Kiva.org—best known for crowdfunding 1.7 million entrepreneurs globally—is now going local with the launch of “Kiva San Francisco.” In partnership with Capital One, this initiative will bring 0% interest crowdfunded loans to hundreds of San Francisco small business owners who are socially impactful and financially excluded from mainstream lending options.