With support from Sam’s Club, VEDC launched www.microloan.org to serve as a one-stop online portal for business owners seeking information on microloans from anywhere in the United States.
Entrepreneurs can not only find information regarding eligibility and loan terms, but can also join online forums, live chat with VEDC microloan specialists, and read case studies. Interested borrowers can also apply for loans online through the creation of a secure user account, and can upload all required forms and documents and check on the status of their application.
Our goal is to not only support the efforts of microloan organizations in markets VEDC currently serves, but to also improve the economic impact of non-profit, mission driven lenders across the county. These newfound connections will greatly support a large number of new and existing entrepreneurs across diverse industries in achieving business growth through access to capital and financing.
VEDC is a leading non-profit small business lender that is changing the way small business lending is done by making it more available and impactful. A national small business lender, VEDC has lent $380 million in direct and guaranteed loans to over 100,000 small businesses and created more than 28,000 new jobs. As a certified Community Development Financial Institution (CDFI), VEDC’s mission is to help create jobs and promote economic development in under-served communities. The organization provides loans and micro-financing options to small businesses, particularly those owned by women and minorities, that don’t qualify for traditional bank financing.
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